Completed Orlando property sales continue to increase, pending sales
build in the pipeline
Members of the Orlando Regional REALTOR® Association in September sold 54
percent more homes than in September of last year, contributing to the
area’s year-to-date sales increase of 50 percent.
The most recent statistics
show a continuing broad improvement in the area’s housing market.
There is currently more than twice the number of pending sales than in
September of last year. A total of 3,858 sales contracts were newly filed in
the month of September alone, which is the most in a single month this year
and a jump of 102 percent compared to September 2008.
Inventory decreased from August 2009. Compared to last year, the September
2009 inventory level is 35 percent lower than it was in September 2008.
Increased sales activity has led inventory months-of-supply to decline by 65
percent since January 2009.
Posted: 13October 2009
Source: Florida Association of Realtors
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