Happy New Year! The preliminary figures for December show that once again Orlando has set a new record for home sales, surpassing the 21,357 homes sold in 2002 by almost 3,000 sales. Final tallies will be released within a couple of weeks.
Orange & Seminole Counties*
Avg. Mtg. Rate Inventory New
Listings
Sales
Pending
Back on Market Expired Withdrawn
Sales
Closed
Avg. Days on Market
Oct.02
6.39%
7,779
3,461
2,375
641
559
878
1,876
53
Nov.02
6.48%
7,880
2,776
2,189
653
474
720
1,582
52
Dec.02
6.46%
7,624
2,247
1,860
694
633
668
1,957
57
Jan.03
6.39%
7,953
3,280
2,010
712
415
716
1,197
54
Feb.03
6.04%
7,838
3,012
2,164
378
369
709
1,237
65
Mar.03
5.80%
7,868
3,283
2,133
403
355
678
1,678
62
Apr.03
5.95%
7,561
2,942
2,413
442
397
758
1,655
63
May.03
5.85%
7,610
3,293
2,412
411
326
728
1,706
62
June.03
5.54%
7,448
2,768
1,847
838
290
647
1,769
58
July.03
5.73%
7,267
3,531
2,598
421
325
779
2,002
60
Aug.03
6.78%
7,213
3,238
2,321
505
365
748
1,903
60
Sept.03
6.64%
7,247
3,095
2,108
305
353
731
1,859
59
Oct.03
6.29%
7,308
3,276
2,151
489
304
761
1,906
59
Nov.03
6.23%
6,973
3,266
2,424
236
269
777
2,254
n/a
Dec.03
5.38%
6,522
2,280
1,992
307
474
585
2,082
n/a
Orange & Seminole Counties*
Avg.
Mtg. Rate
Inventory
New
Listings
Sales
Pending
Back on
Market
Expired
Withdrawn
Sales
Closed
Avg. Days
on Market
* Based on Hotsheet reports and have not been purged. Truer figures may be found under Housing Statistics at orlrealtor.com
Membership December 2003 December 2002 Unemployment Rate Orlando
ORRA 6,391 5,285 November 2003 4.5%
CFCRES 310 330 November 2002 4.9%
Affiliates 499 397
Applicants 239 165

Please note the custom reports that were released last fall as part of Market Pulse have been suspended, and should return in February. The formulas and codes for the reports were just being finalized by Mike Roth when he became ill and then passed away unexpectedly December 11. Your patience is appreciated.

Comments or suggestions? Contact Kevin.