Here is a break down of Months Supply of Inventory for Orlando Fl. This break down by month from July 2013 to July 2012 will show you the number of properties on the market the last day of the month, number of properties under contract, MSI - Months Supply Inventory, and Under Contract - Avg. Days on Market.
As you can see below on the graph, the # of properties for sale has steadily decreased over the last year and is currently is 3,683 homes. As of July 2013 pending homes are 1,515, an increase of 30% over July 2012. The pending has gone up because we have a lot of short sales in the market that are pending but still waiting for bank approval. The avg days on the market for these Pending homes has dropped from 140 days in July 2012 to 67 days in July 2013 or a 50% drop. So, less homes are pending this July 2013 than July 2012. The MSI or the Month Supply Inventory has dropped to 2 months.
If you are thinking of listing your home for sale in the summer season then I would tell you that this is the best time to put your home on the market. The prices are gradually going up as the inventory on hand is going down, so as supply and demand will dictate the prices will be rising. Call Wendy Morris direct at 407-575-5392 from Wendy Morris Realty to help you market your home.
Make sure you come back every month to see the market statistics for Orlando FL. I will be posting this information on a monthly basis to help all our clients.
|# Properties For Sale Last Day Of The Month||# Pending Properties||MSI||Pending Avg DOM|
If you are in the market to purchase your next home in Orlando Fl, then let me the person that can help you with your search.