Market Analysis - October 2007

Better late than never, here's the Market Analysis for the Orlando area in October, 2007.

Overall, stats are pretty similar to September. Inventory is at 26,330, compared to September's 26,310. Only slightly higher than last month, but certainly quite a bit higher than last year when it was 21,324.

New contracts have gone up slightly from last month's 1,173 to 1,304. That's compared to 2,602 in October of last year.

Though expired listings has dropped by 211, withdrawn listings have made up the difference by going up 228 to 2,181 total.

If there's one good statistic in the report, it's that sales, thankfully, have at least gone back up into quadruple digits. 1,034 sales for the month is certainly not stellar, but it's better than last month's 970.

It's the slow season of a slow market, so these numbers are certainly not unexpected. With inventory continuing to go up and the average price still dropping, it's definitely a buyer's market. Now where are all those buyers?

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