|
|
Orange & Seminole Counties*
|
Avg. Mtg. Rate |
Inventory |
New
Listings |
Sales
Pending |
Back on Market |
Expired |
Withdrawn |
Sales
Closed
|
Avg. Days on Market
|
|
Oct.03
|
6.29% |
7,308
|
3,190
|
2,151
|
489
|
267
|
777
|
2,238
|
59
|
|
Nov.03
|
6.23% |
6,973
|
2,499
|
2,424
|
236
|
254
|
703
|
1,569
|
60
|
|
Dec.03
|
5.38% |
6,522
|
2,227
|
1,992
|
307
|
256
|
588
|
2,235
|
61
|
|
Jan.04
|
5.38% |
6,605
|
3,307
|
2,619
|
306
|
351
|
672
|
1,564
|
66
|
|
Feb.04
|
5.45%
|
6,182
|
2,921
|
2,632
|
363
|
276
|
651
|
1,814
|
61
|
|
Mar.04
|
5.25% |
5,634
|
3,435
|
3,387
|
372
|
256
|
686
|
2,416
|
59
|
|
Apr.04
|
6.04% |
4,995
|
3,166
|
3,403
|
391
|
217
|
696
|
2,361
|
57
|
|
May.04
|
6.31% |
4,650
|
3,277
|
3,348
|
450
|
173
|
628
|
2,490
|
53
|
|
June.04
|
6.31% |
4,360
|
3,193
|
3,142
|
443
|
133
|
663
|
2,952
|
47
|
|
July.04
|
5.88% |
4,128
|
3,196
|
2,565
|
418
|
139
|
643
|
2,805
|
41
|
|
Aug.04
|
5.69% |
3,940
|
2,679
|
2,153
|
359
|
124
|
560
|
2,254
|
39
|
|
Sept.04
|
5.73%
|
3,938
|
1,850
|
1,634
|
230
|
165
|
446
|
1,587
|
39
|
|
Oct.04
|
5.68% |
3,815
|
2,614
|
2,242
|
198
|
152
|
482
|
1,763
|
44
|
* Based on raw data from the MFRMLS Hotsheet reports. Refined figures may be found under Housing Statistics at orlrealtor.com
|
|
|
|
|
|
|
|
|
| Membership |
October 2004 |
October 2003 |
Unemployment Rate |
Orlando MSA |
| ORRA |
8,318 |
6,401 |
September 2004 |
4.2% |
| CFCRES |
306 |
314 |
September 2003 |
4.9% |
| Affiliates |
507 |
540 |
|
| Applicants |
219 |
144 |
|
|
It appears the Orlando area is beginning to see some of those closings that were held up due to all the hurricane activity in August and September finally close. However, we are still 27% behind last October’s sales figures. Overall, though, 2004 is still poised to be the best year on record for home sales – not only in Orlando, but nationwide. After the delays from the hurricanes play out, the only non-acts of God on the horizon that threat the housing industry are inflation from the growing federal deficit and rising oil prices.
