Orlando Real Estate Market News - May 2012
Posted by Team Donovan on
May 'musings' From The Four Corners…
The inventory level of homes listed for sale decreased again during May by a further 46 homes to a new low of 871. By type these listings comprise 640 normal owner sales, 65 bank owned homes and 166 short sales. Over the past 30 days 266 homes changed owner in the communities tracked by Team Donovan with the average sold home taking 159 days to sell and achieving 96.6% of its final listed price. During May owners withdrew 135 homes from the market that did not achieve a sale whilst listed. The number of homes recorded as under offer/contract finished the month up by 4 homes from last month to leave 934 homes in the pipeline awaiting closure. The May sales pace of 266 homes when compared against the current active…