Central Florida & metro Orlando real estate services

The Orlando FL January 2012 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 Florida, including cities like Orlando, Winter Park, Maitland, Windermere, Apopka, Ocoee, Altamonte Springs, Longwood, Lake Mary, Winter Springs, and Sanford FL.

                     Inventory      New Listings       New Pendings        Closed         Days on       Median

                                                                                                                 Market         Price

Jan 2009        22,613             4340                   2282                 1050             103       $148,000

Jan 2010        15,911             4279                   3579                 1820              89        $103,000

Jan 2011        14,398             3478                   3747                  2041             96       $ 95,000

Oct 2011          9,973             2997                   3084                  2132             106       $112,500

Nov 2011        10,136            3045                    2887                 2027              99        $115,000

Dec 2011          9,732            2641                    2800                 2213             102       $119,000

Jan 2012          9,258             3318                   3375                 1677              96       $108,000

Inventory in Orlando continues to trickle down.  We saw another big jump in new sale pending properties in January which pushed inventory down another nearly 500 units.  November was the first time in almost a year that we saw new listings exceeded new pendings in nearly a year, but December and January were back in gear with more units selling then coming in. 

Closing in January were down from December but this is a general trend in that January is the first month after the holiday season.  In the meantime, prices have been relatively flat year of year since 2010 - they go up a little then go down a little but at least they are not plummeting like they were in 2008 and 2009.

You can read a detailed analysis from the Orlando Realtors here. Properties continue to sell quickly and multiple offers are often the norm and not the exception on the good properties.  If I can help you buy or sell, please contact me or one of our agents and we will get you on your path to buying or selling that home.