Latest Market Statistics for Orlando real estate

The Orlando Market has changed little over the last few months. The numbers appear similar throughout the summer. The inventory is slightly lower in July 2008 (24,742 total properties for sale) than it was in July 2007 (26,018 units). The closed sales are still low measured by historical standards with 1,436 in July 2008. The month of June 08 the corrected number turned out to be 1,489 compare to 1,524 a year ago. So little movement there. Prices are still soft with a median sales price of $ 207.500 and an average sales value of $ 263.800 for July. Prices seem to bounce up and down a bit over the last months. The market remains to be a strong buyers market with ample opportunities for the able purchaser. We will see what the market does in the long term and how changes in lending practices will affect the situation later this fall.