Orlando Home Sales: August 2008
Orlando Home Inventory
There are currently 24,834 homes available for purchase through the MLS. Inventory increased by 92 homes in August 2008, which means that 92 more homes entered the market than left the market. Compared to last year, the August 2008 inventory level (24,834) is 5.62 percent lower than it was in August 2007 (26,313).
The current inventory level reflects a 20.27-month supply at the current pace of sales, which is up from the 16.81-month supply recorded July. Altogether, inventory months-of-supply has declined 35.92 percent since January 2008.
There are 18,363 single-family homes currently listed in the MLS, a number that is more than 1,000 less than this time last year. Most (3,047) are listed in the $200,000 - $250,000 price range. Condos currently make up 4,377 offerings in the MLS, while duplexes/town homes/villas make up the remaining 2,094. Most condos (607) are priced at $120,000 - $140,000. The majority of duplexes/town homes/villas (383) are listed in the $200,000 - $250,000 price category.
By: Orlando Real Estate Pros.com
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[...] For single family home stats see the Orlando Real Estate Pros blog. [...]