Orlando Real Estate Market News - October 2012
Posted by Team Donovan on
October ‘oracle' From The Four Corners…
October sales figures recorded 223 closings across the Four Corners area in October with the average home selling after 156 days on the market whilst achieving 96.75% of the listed price. The total level of inventory across the market was unchanged from last month with 1027 homes recorded as listed for sale. By type the October inventory comprised 800 normal owner related sales, 148 short sales and 79 bank owned listings. During the last 30 days 128 homes withdrew from the market having failed to attract a buyer whilst listed for sale. The pipeline of homes under contract/offer awaiting closure was down 10% from last month to record an October month end total of 718 listings. The October sales pace when measured…