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September 2004 monthly update on Real Estate trends
and conditions in the Central Florida area.
A
seller's market still prevails in Orlando as inventory is
lower than it has been for the last 12 months. Homes for
sale are selling at an average of only 39 days on the market, down
from an average of 60 days on the market just one year ago.
While inventory is almost half of what it was a year ago, sales
closed for August 2004 was higher than those in August of 2003.
Prior month's information
|
|
& Seminole Counties*
|
Avg. Mtg. Rate |
Inventory |
New
Listings |
Sales
Pending |
Back on Market |
Expired |
Withdrawn |
Sales
Closed
|
Avg. Days on Market
|
|
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
|
|
May.04
|
6.31% |
4,650
|
3,322
|
3,348
|
450
|
162
|
626
|
2,131
|
53
|
|
June.04
|
6.31% |
4,360
|
3,186
|
3,142
|
443
|
164
|
690
|
2,526
|
47
|
|
July.04
|
5.88% |
4,128
|
3,190
|
2,565
|
418
|
149
|
657
|
2,421
|
41
|
|
Aug.04
|
5.69% |
3,940
|
2,652
|
2,153
|
359
|
139
|
585
|
1,960
|
39
|
|
|
* Based on raw data from the MFRMLS Hotsheet
reports. Refined figures may be found under Housing Statistics at
orlrealtor.com |
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