Orlando Real Estate Market News - December 2012
Posted by Team Donovan on
December 'data' from The Four Corners…
The final month of 2012 recorded 241 homes changing hands across the communities tracked by Team Donovan. The year came to a close with 685 homes under contract/offer and awaiting closure which was down 17% from the December 2011 year end 813 pipeline total. Closed homes during December 2012 achieved on average 97.12% of the asking price after having spent an average 154 days in the market. The overall market place inventory closed the year at 1034 homes listed for sale. By listing type this end of year stock comprised 828 owner listings, 134 short sales and 72 bank owned properties. The December pace of sales when scrutinised against current inventory levels would indicate a 4.29 month supply of available homes…