Orlando real estate statistics for December 2010

The December 2010 monthly Orlando real estate market statistics have been reported by the Orlando Regional Realtor Association. Here is a direct link to the full report details. Below is a breakdown of the numbers. This covers Orange County and Seminole County Florida, including the cities of Winter Park, Maitland, Windermere, Apopka, Ocoee, Altamonte Springs, Longwood, Sanford, Casselberry, Oviedo, Winter Springs, Lake Mary, and of course all of Orlando.

Inventory New Listings New Pendings Under Contract Closed Days on Market

Dec 2009 15,549 3485 2984 8163 2410 89

Sept 2010 16,359 3984 3654 8713 2374 87

Oct 2010 15,441 3650 3466 8817 1953 91

Nov 2010 15,192 3346 3243 8998 1936 96

Dec 2010 14,993 3444 3196 8363 2368 96

The December numbers actually show a positive improvement over the last several months. The Fall was plagued with the "robo signing" problems with foreclosure paperwork. As banks dealt with the problem and more foreclosure homes came back on the market, sales jumped up to the levels in September. This increase in sales along with the 500 or so extra listings that expired on December 31, helped to lower inventory levels to 14,993 homes. An inventory number not seen since the year 2006. This is a good thing as the market slowly but surely heals itself.

After hitting a low point in August 2010, prices appear to be slowly rising. The average price increased to $146,600 and the median price increased to $106,000. Hopefully this trend will continue into 2011 and beyond.

These are some additional analysis put out by the Orlando Realtor Association and the Orlando Sentinel for you to review as well. It is a great time to buy. Prices are still very low and inventory is still plentiful.