Real Estate Market Indicators for Orlando as of 3/8/2007

Inventory of homes in the Orlando MSA is at a 12 month high sitting jut above 22,000 while the number of sales have hit an all time low at just 1,386 homes vs 2,286 a year ago. My humble prediction is that the numbers will continue to deteriorate until the inventory goes down to below 10,000 homes for sale. The recent tightening of lenders in recent months on sub prime mortgages should not help this market. Hopefully the dropping the rates will spur us on in our traditional peak season from Spring until the end of Summer for real estate in Orlando.  Currently there are far more homes coming on the market than there are selling.  5,566 homes came on the market in February while sales have hovered around 2,000 home selling per month.  If this keeps up then leave it to me to point out the obvious, more inventory.

Orange & Seminole Counties
February 2006	6.07%	12,966	5,572	2,746	-	301	569	1,342	2,269*	48*
March 2006	6.17%	14,559	7,112	3,322	-	369	719	1,700	2,878*	50*
April 2006	6.27%	16,036	6,574	3,050	-	305	721	1,613	2,467*	53*
May 2006	6.39%	18,179	6,967	2,859	-	408	790	2,134	2,842*	56*
June 2006	6.45%	18,437	7,111	2,727	-	448	1,028	2,430	2,841*	57*
July 2006	6.53%	19,827	6,862	2,505	-	364	1,066	2,353	2,361*	61*
August 2006	6.20%	21,077	7,039	2,439	-	443	1,230	2,686	2,249*	62*
September 2006	6.09%	20,319	6,297	2,182	-	416	1,507	2,434	2,054*	67*
October 2006	6.05%	21,324	6,119	2,602	3,186	371	1,467	2,668	1,896*	73*
November 2006	6.10%	21,122	5,160	2,319	2,952	365	1,397	2,341	1,840*	74*
December 2006	5.74%	19,537	3,840	2,012	2,557	324	2,320	1,696	1,945*	78*
January 2007	5.91%	21,266	6,630	2,409	2,504	362	1,426	1,922	1,469*	90*
February 2007	5.92%	22,055	5,566	2,387	3,096	302	1,236	1,775	1,386	92