This month’s “Pulse” may be showing that perhaps the Orlando housing market is reaching its pinnacle as far as record prices and sales. Just look at the inventory: it rose for first time since September 2003. The number of listings (3,253) has now risen for three consecutive months. No, the bubble is not bursting; but the market needs to and will correct itself. It has probably grown about as large as it can get and will now level off, allowing a strong market continuance. Only time will tell. Have a happy Fathers Day!
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Orange & Seminole Counties
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May 2004
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6.31%
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4,650
|
3,277
|
3,348
|
450
|
173
|
628
|
2,490
|
53
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June 2004
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6.31%
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4,360
|
3,193
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3,142
|
443
|
133
|
663
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2,952
|
47
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July 2004
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5.88%
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4,128
|
3,196
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2,565
|
418
|
139
|
643
|
2,805
|
41
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August 2004
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5.69%
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3,940
|
2,679
|
2,153
|
359
|
124
|
560
|
2,254
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39
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September 2004
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5.73%
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3,938
|
1,850
|
1,634
|
230
|
165
|
446
|
1,587
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39
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October 2004
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5.68%
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3,815
|
2,614
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2,242
|
198
|
152
|
482
|
1,763
|
44
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November 2004
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5.69%
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3,681
|
2,755
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2,454
|
214
|
149
|
450
|
1,897
|
42
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December 2004
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5.53%
|
3,395
|
2,186
|
2,046
|
184
|
180
|
411
|
2,185
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41
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January 2005
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5.55%
|
3,317
|
2,970
|
2,772
|
143
|
157
|
481
|
1,695*
|
46
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February 2005
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5.49%
|
3,141
|
2,397
|
2,831
|
149
|
95
|
410
|
1,988*
|
41
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March 2005
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5.25%
|
2,956
|
3,147
|
3,161
|
183
|
115
|
442
|
2,529*
|
37
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April 2005
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5.29%
|
2,947
|
3,314
|
3,362
|
165
|
129
|
423
|
2,371
|
37
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May 2005
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5.12%
|
3,253
|
3,721
|
3,055
|
81
|
92
|
461
|
2,592
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30
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* Quarterly revised sales. Complete stats and data may be found under Housing Statistics at orlrealtor.com
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