Here are some early numbers for May. Inventory of homes available remains fairly stable but down a little to 26,960. Pending Sales continue to climb and sit at 3,319 as of today. New contracts this month is ahead of new contracts for the same period last month. They stand at 1, 247 compared to 1,155 in April. Properties in either a pre-foreclosure, foreclosure or bank owned status has creeped up very slightly to 4,619. We still appear to be in turnaround mode as far as sales numbers are concerned. The median price numbers are still on the down side, but I expect to stabilize by the end of summer if not sooner.
David W. Welch, MBA Broker/Associate Remax 200 Realty www.davidwelch.com davidwelch@davidwelch.com
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Thanks for sharing these with us, David.
I do hope that the numbers we are seeing here in Orlando are encouraging to folks around the country. We tend to go into downturns later than most of the rest of the country and come out of them a bit sooner. I guess that makes Orlando a leading indicator for real estate. I would love it if my personal numbers were improving as quickly as the market statistics.
www.DavidWelch.com, www.OrlandoAreaRealtor.com