The Orlando Florida November 2011 real estate statistics have been provided by the Orlando Regional Realtor Association. Here is a direct link to the full MLS statistics details. Below is a summary breakdown of their numbers. This covers Orange and Seminole County FL, including cities like Orlando, Winter Park, Maitland, Windermere, Apopka, Ocoee, Altamonte Springs, Longwood, Lake Mary, Winter Springs, and Sanford.
Inventory New Listings New Pendings Under Contract Closed Days on Market
Nov 2010 15,192 3346 3243 8998 1936 96
Aug 2011 10,055 3264 3466 9502 2500 101
Sept 2011 9,931 3193 3304 9369 2243 102
Oct 2011 9,973 2997 3084 8937 2132 106
Nov 2011 10,136 3045 2887 8909 1950 99
Inventory is down dramatically (nearly 33%) in the last 12 months. It has somewhat leveled off with a very slight increase in units the last 2 months. Some of this can be attributed to the number of new foreclosures and short sales hitting the market. November was record month for new foreclosure filings in Central Florida. Also for the first time since December 2010, new listings exceeded new pendings. There are a lot of elements at play with all this and and I'm not sure what all it means. Hopefully it is just a temporary slowdown as we hit the Fall and Winter months.
Prices have remained basically steady but year over year they are up about 9%. The median price is at $115,000 and the average price is at $153,300 which is about the same prices as they have been since June.
Here is an additional analysis put out by the Orlando Realtor Association and the Orlando Sentinel for you to review as well. These analysis both discuss how short sales are actually making it to closing. Our office has closed a dozen or short sales in the last few weeks, so this is a trend I see as well. We would love to help you buy or sell a house in the near future - nearly 30 houses closed last month. I bought a great investment home in Casselberry just last month myself and have a few more in the pipeline. It is a great time to buy. Rates are low and deals are plentiful.
_
_
---------------------------------------------------------------------------------------------------------------------
Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.
407-389-7318 / 1-877-389-7318 www.SDRhouses.com www.WeBuyHousesFlorida.com
http://webuyhousesfl.wordpress.com
Our firm also provides flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Florida including Orlando, Altamonte Springs, Longwood, Apopka, Kissimmee, Clermont, Casselberry, Sanford, Lake Mary, and Deltona.
We sell foreclosure, short sale, and bank owned REO house home throughout Central Florida and metro Orlando. Sign up for our free email list of foreclosure and great Orlando house deals.
We buy unrepaired sinkhole damage houses in Florida. www.SellSinkholeHouse.com
Hi Rob, This is a great detailed market report. It is nice to see that even though the inventory was down, the number of "under contract" properties and closings is still comparable to November 2010. I can't say for sure but I'm hoping that the temporary slowdown is for the holidays. It is definitely a great time to buy!