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May 2004 monthly update on Real Estate trends
and conditions in the Central Florida area.
A
seller's market still prevails in Orlando, as our April numbers
attest. We see tremendous jumps in Sales Pending from last year at
this time (up almost 1,000), increased Sales Closed, far less
Expirations, and a large drop in Inventory. As interest rates and
the median price (about $160,000) continue to slowly rise,
inventory should follow suit.
Prior month's information
|
Orange & Seminole Counties*
|
Avg. Mtg. Rate |
Inventory |
New
Listings |
Sales
Pending |
Back on Market |
Expired |
Withdrawn |
Sales
Closed
|
Avg. Days on Market
|
|
Apr.03
|
5.95%
|
7,561
|
2,942
|
2,413
|
442
|
397
|
758
|
1,655
|
63
|
|
May.03
|
5.85%
|
7,610
|
3,293
|
2,412
|
411
|
326
|
728
|
1,706
|
62
|
|
June.03
|
5.54%
|
7,448
|
2,768
|
1,847
|
838
|
290
|
647
|
1,769
|
58
|
|
July.03
|
5.73%
|
7,267
|
3,531
|
2,598
|
421
|
325
|
779
|
2,002
|
60
|
|
Aug.03
|
6.78%
|
7,213
|
3,238
|
2,321
|
505
|
365
|
748
|
1,903
|
60
|
|
Sept.03
|
6.64%
|
7,247
|
3,095
|
2,108
|
305
|
353
|
731
|
1,859
|
59
|
|
Oct.03
|
6.29% |
7,308
|
3,276
|
2,151
|
489
|
304
|
761
|
1,906
|
59
|
|
Nov.03
|
6.23% |
6,973
|
3,266
|
2,424
|
236
|
269
|
777
|
2,254
|
60
|
|
Dec.03
|
5.38% |
6,522
|
2,280
|
1,992
|
307
|
474
|
585
|
2,082
|
61
|
|
Jan.04
|
5.38% |
6,605
|
3,403
|
2,619
|
306
|
305
|
682
|
1,512
|
66
|
|
Feb.04
|
5.45%
|
6,182
|
2,918
|
2,632
|
363
|
326
|
659
|
1,405
|
61
|
|
Mar.04
|
5.25% |
5,634
|
3,444
|
3,387
|
372
|
268
|
696
|
2,081
|
59
|
|
Apr.04
|
6.04% |
4,995
|
3,212
|
3,403
|
391
|
197
|
696
|
2,036
|
57
|
* Based on Hotsheet reports
and have not been purged. Truer figures may be found under
Housing Statistics at
orlrealtor.com
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