The Central Florida October 2011 real estate market statistics have been reported by the Orlando Regional Realtor Association. Here is a direct link to the full MLS statistic details. Below is a summary break down of the numbers. This covers Orange & Seminole County FL, including cities like Orlando, Winter Park, Maitland, Windermere, Apopka, Ocoee, Altamonte Springs, Longwood, Lake Mary, Casselberry, Oviedo, Winter Springs, and Sanford.
Inventory New Listings New Pendings Under Contract Closed Days on Market
Oct 2010 16,359 3984 3304 9369 2374 87
July 2011 10,349 2912 3244 9869 2294 101
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 2068 106
For the first time in about a year and half, the Orlando inventory went up slightly by 42 units. The inventory has somewhat plateaued because it only dropped by 124 units the previous month. October and the Autumn months are typically a slower time of year as school starts up and we head towards the holidays. New pendings still outpaced new listings for the 11th month in a row which is still a strong sign.
Prices continue to remain steady. The median price is at $112,700 and the average price is at $152,800 which is about the same prices as they have been since May. No big appreciation but no big price drops either. Prices are still a bit higher than they were in October 2010 though.
Here is an additional analysis put out by the Orlando Realtor Association and the Orlando Sentinel for you to review as well. Interest remain very low in the low 4s. It is a great time to buy. I am actively buying houses myself including 2 houses in October for myself. I would love to help advise you in your next home buying or selling decision.