Although this month’s numbers remain strong, there are two indicators ORRA will be tracking closely. One is the inventory, which has reached its highest point since October 1996. In addition, we should all monitor contracts, which reports show have been dropping anywhere from 16-25% in some areas of the country. Indeed, Orlando-area contracts were down to 2,571 in November, the lowest number since February. (For contract figures, please visit Housing Statistics on www.orlrealtor.com.) That was a 16% drop from October. However, the good news is that written contracts are up almost 5% since last November, and are averaging 2,906 per month so far this year.
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Orange & Seminole Counties
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|
 |
 |
 |
 |
 |
 |
|
|
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November 2004
|
5.69%
|
3,681
|
2,755
|
2,454
|
214
|
149
|
450
|
1,897
|
42
|
|
December 2004
|
5.53%
|
3,395
|
2,186
|
2,046
|
184
|
180
|
411
|
2,185
|
41
|
|
January 2005
|
5.55%
|
3,317
|
2,970
|
2,772
|
143
|
157
|
481
|
1,695*
|
46
|
|
February 2005
|
5.49%
|
3,141
|
2,397
|
2,831
|
149
|
95
|
410
|
1,988*
|
41
|
|
March 2005
|
5.25%
|
2,956
|
3,147
|
3,161
|
183
|
115
|
442
|
2,529*
|
37
|
|
April 2005
|
5.29%
|
2,947
|
3,314
|
3,362
|
165
|
129
|
423
|
2,557*
|
37
|
|
May 2005
|
5.12%
|
3,253
|
3,721
|
3,055
|
81
|
92
|
461
|
2,806*
|
30
|
|
June 2005
|
5.43%
|
3,710
|
3,948
|
3,177
|
262
|
143
|
543
|
3,119*
|
29
|
|
July 2005
|
5.55%
|
4,473
|
4,188
|
3,237
|
229
|
158
|
536
|
2,547
|
27
|
|
August 2005
|
5.32%
|
5,532
|
5,037
|
3,584
|
245
|
140
|
725
|
2,909
|
27
|
|
September 2005
|
5.62%
|
6,786
|
5,008
|
3,090
|
324
|
240
|
845
|
2,752
|
29
|
|
October 2005
|
5.95%
|
8,992
|
5,092
|
2,988
|
343
|
268
|
1,047
|
2,280
|
33
|
|
November 2005
|
5.94%
|
9,685
|
4,998
|
2,571
|
290
|
358
|
968
|
2,336
|
35
|
* Quarterly revised sales. Complete stats and data may be found under Housing Statistics at orlrealtor.com
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