ORLANDO REAL ESTATE MARKET NEWS
Posted by Team Donovan on
March 'maths' From Short-Term Rental Land…
The number of homes recorded as pending/under offer increased by 10% in March to revise the number of total homes awaiting closure to 1090. Overall listed inventory levels across the communities fell from 1858 homes in February to 1619 in March with the average home that sells now achieving 95.4% of the listed price after having spent 146 days on the market. During this past month 266 homes changed ownership which was a 2% increase on Februarys sold total of 259 sales. Homes failing to achieve a sale and being withdrawn during the month totaled 132. Based on the current monthly sales pace overall inventory levels now reflect a 6.08 month supply of available homes which was down by over one month on last…