Orlando’s Real Estate Market Continues to Improve – And the number of homes for sale in the Orlando area continues its eight month downward trend. The number of unsold homes in September slid to 19,623, down from 20,434 in August. This leaves 811 less homes for sale than one month ago.
The Dellagio Town Center located in Dr. Phillips, Orlando Florida
Orlando Median Home Price Falls – The median home price continues to trend downward. The median home price in Orlando slipped again in September to $125,000, down from $128,000 just last month. 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 number of unsold homes in Orlando was down to 19,623, from 20,434 a month ago. This reflects a reduction in inventory by 811 homes from August. The number of homes sold was up to 2,790, from the 2457 home sales in August. This leaves 7.03 months of inventory on hand.
Orlando area communities In Focus – September home sales in the featured communities are as follows:
| September 2009 | Active Listings | Sold | Months of Inventory |
| Avalon Park |
202 |
62 |
3.26 |
| Baldwin Park |
115 |
20 |
5.75 |
| College Park |
192 |
19 |
10.11 |
| Conway Area |
127 |
13 |
9.77 |
| Dr Phillips Area |
372 |
50 |
7.44 |
| Hunter’s Creek |
159 |
43 |
3.70 |
| Lake Nona |
203 |
24 |
8.46 |
| Waterford Lakes |
97 |
16 |
6.06 |
| Averages |
7.33 |
