Orlando’s Real Estate Market Continues to Improve – The number of homes for sale in the Orlando area continues its downward trend. The number of unsold homes in August slid to 20,434, down from 21,519 in July. This leaves 1085 less homes for sale than one month ago.
Avalon Park’s Town Center
Median Home Price Falls – The median home price continues to trend downward. Now at $128,000, and down from July, where the median home price was $135,000. Experts point to the large number of foreclosure and distressed property sales, as the primary reason for the slide. Also, the oversupply of homes for sale plays a role in driving down home prices, leaving some sellers upside down on their homes.
Orlando Housing Inventory – The August number of unsold homes was 20,434. This reflects a reduction in inventory of 1,085 homes. The number of area homes that sold was up to 2,457. This is up from the 2,438 homes that sold in July. This leaves 8.3 months of inventory on hand.
Communities In Focus – August home sales in the featured communities are as follows:
| August 2009 | Active Listings | Sold | Months of Inventory |
| Avalon Park |
204 |
69 |
2.96 |
| Baldwin Park |
96 |
16 |
6.00 |
| College Park |
246 |
21 |
11.71 |
| Conway Area |
127 |
10 |
12.70 |
| Dr Phillips Area |
317 |
51 |
6.22 |
| Hunter’s Creek |
181 |
44 |
4.11 |
| Lake Nona |
315 |
34 |
9.26 |
| Waterford Lakes |
70 |
17 |
4.12 |
| Averages |
7.73 |
