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There are 10,815 homes for sale listed by Orlando Realtors® and 8,258 homes listed as contract pending. Of the homes still available for sale, 1,775 are foreclosures and 1,193 are short sales. Of the homes with contracts pending, 1,552 are foreclosures and 3,553 are short sales.

Way too early Orlando real estate sales statistics for April: 807 closed sales with a median sales price of $159,900. We should be looking good this month.

David Welch Real Estate OptimistOrlando Real Estate

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Inventory continues to climb as we enter the spring selling season. There are currently 10,738 homes listed active by Orlando Realtors®. Of the homes for sale 1,790 or 16.7% are REO, 1,189 or 11.1% are short sales and 7,759 or 72.3% are equity sales. REO and equity sales are both up from February, but short sales have declined slightly. There are 8,129 properties listed as having a contract pending. Of the homes under contract, 1,478 or 18.2% are REO, 3,570 or 43.9% are short sales and 3,081 or 37.9% are equity sales. Short sales continue to drag taking an average of 264 days to close of the properties that sold last month.

Speaking of sales, we came in at the top of the range I had predicted last month with 2,593 closed sales and a median sales price of $156,000. We have been hovering between $150,000 and $160,000 since last summer. Of the homes that sold last month, 724 or 27.9% and a median price of $103,754 were REO, only 216 or 8.3% and a median price of $120,000 were short sales, and 1,653 or 63.7% and a median price of $190,000 were equity sales. The paltry number of closed short sales represented only 6.1% of the pending short sales. At that pace it would take 16.5 months to close the current pending short sales. The average time for last month’s sales to go under contract was 73 days and the average time from contract to closing was 45 days. Cash sales are still a large percentage of total sales, but no longer playing the dominant role. There were 1,218 or 47% of the sales closing as all cash transactions with a median price of $108,000. Financed sales made up 1,375 or 53% of all sales with a median price of $195,500.

I am looking for April to beat last year’s 2,718 closed sales. I expect we could see prices a bit higher this month too. I am expecting to see the median price move closer to the $160,000 mark.

by David Welch

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There are 10,629 homes for sale listed by Orlando Realtors® and 8,125 homes listed as contract pending. Of the homes still available for sale, 1,792 are foreclosures and 1,177 are short sales. Of the homes with contracts pending, 1,465 are foreclosures and 3,592 are short sales.

Early Orlando real estate sales statistics for March: 2,300 closed sales with a median sales price of $155,000. I’m looking for another 200 late closings to be posted.

David Welch Real Estate OptimistOrlando Real Estate

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There are 10,594 homes for sale listed by Orlando Realtors® and 8,204 homes listed as contract pending. Of the homes still available for sale, 1,719 are foreclosures and 1,199 are short sales. Of the homes with contracts pending, 1,517 are foreclosures and 3,622 are short sales.

Too early Orlando real estate sales statistics for March: 1,512 closed sales with a median sales price of $154,930. Sales still looking to come in around 2,500 this month.

David Welch Real Estate OptimistOrlando Real Estate

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There are 10,517 homes for sale listed by Orlando Realtors® and 8,174 homes listed as contract pending. Of the homes still available for sale, 1,726 are foreclosures and 1,214 are short sales. Of the homes with contracts pending, 1,513 are foreclosures and 3,623 are short sales.

Too early Orlando real estate sales statistics for March: 1,235 closed sales with a median sales price of $154,900. Sales should come in right around 2,500. That is down from last March, but not bad for the start of the spring selling season.

David Welch Real Estate OptimistOrlando Real Estate

Camelot by the Lake

Condo for sale in Camelot by the Lake

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There are 10,552 homes for sale listed by Orlando Realtors® and 8,059 homes listed as contract pending. Of the homes still available for sale, 1,765 are foreclosures and 1,214 are short sales. Of the homes with contracts pending, 1,449 are foreclosures and 3,631 are short sales.

Way too early Orlando real estate sales statistics for March: 943 closed sales with a median sales price of $152,000. Sales are looking pretty good this month.

David Welch Real Estate OptimistOrlando Real Estate

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There are 10,518 homes for sale listed by Orlando Realtors® and 8,022 homes listed as contract pending. Of the homes still available for sale, 1,762 are foreclosures and 1,227 are short sales. Of the homes with contracts pending, 1,447 are foreclosures and 3,632 are short sales.

Way too early Orlando real estate sales statistics for March: 620 closed sales with a median sales price of $149,000. The active inventory is holding steady, and sales are looking pretty good.

David Welch Real Estate OptimistOrlando Real Estate

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There are 10,525 homes for sale listed by Orlando Realtors® and 7,898 homes listed as contract pending. Of the homes still available for sale, 1,786 are foreclosures and 1,212 are short sales. Of the homes with contracts pending, 1,409 are foreclosures and 3,635 are short sales.

Way too early Orlando real estate sales statistics for March: 372 closed sales with a median sales price of $152,000. Looking for strong sales this month to start the spring selling season.

David Welch Real Estate OptimistOrlando Real Estate

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There are 10,530 homes for sale listed by Orlando Realtors® and 7,831 homes listed as contract pending. Of the homes still available for sale, 1,779 are foreclosures and 1,252 are short sales. Of the homes with contracts pending, 1,411 are foreclosures and 3,617 are short sales.

Way too early Orlando real estate sales statistics for March: 181 closed sales with a median sales price of $158,000. Looking for strong sales this month to start the spring selling season.

David Welch Real Estate OptimistOrlando Real Estate

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The inventory of homes available for sale in Orlando continues to climb. There are 10,500 homes of all types listed as active by Orlando REALTORS®. That is an increase of nearly 6% compared to January’s 9,912 I reported. Based on February’s sales however, it represents a very slight decline in the month’s supply of inventory to 5.06 down from 5.13. Of the homes listed active, 1,781 or 17.0% are REO, 1,255 or 12.0% are short sales and the remaining 7,464 or 71.1% are equity sales.

The number of pending sales is also climbing. There are 7,757 homes listed as having accepted a contract. That is an increase of 9.3% from January’s 7,096. Of those properties under contract, 1,391 or 17.9% are REO, 3,628 or 46.8% are short sales and 2,738 or 35.3% are equity sales.

Closed sales also climbed in February. There were 2,075 closed transactions with a median sales price of $155,000, up from January’s 1,930 sales that I reported. It also broke the three month trend of year over year sales declines by beating February 2013 sales. Of the closed sales, 562 or 27.1% were REO sales with a median price of 95,450, 230 or 11.1% were short sales with a median price of $137,500, and 1,283 or 61.8% were equity sales with a median price of $182,000. The 230 closed short sales made up only 6.3% of the pending short sales, making me wonder if banks are cutting back on their short sale operations. Cash just keeps flowing in with 1,045 or 50.4% of the sales closing for all cash at a median price of $108,000. The remaining 1,031 or 49.7% closed with some form of financing with a median price of $189,000

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