Tue, 05/12/2009 - 10:04am
ORRA released just released its Market Pulse publication which shows the current market trend for Central Florida through the month of April. As the inventory of homes is shrinking to a 2 year supply. There is a currentÂ inventory of 20,194 homes on the market, 1,741 of those have closed in the past month. Of all the homes that have closed 55% of the sales were bank owned properties or short sales. It is encouraging though that homes are selling. The stats also show that the average number of days that a home sit on the market is decreasing. This is all great news.