Inventory
According to an article in the September issue of the Orlando Realtor which is the official publication of the Orlando Regional Realtors Association (ORRA), there are currently 26,313 homes available for purchase through the local multiple listing service (MLS). Inventory increased by just 295 homes in August 2007; July 2007 saw an increase of 95 homes; and June 2007 saw an increase of 460. Compared to last year, the August 2007 inventory level is 24.8 percent higher than August 2006.
The current inventory level reflects a 19.59-month supply at the current pace of sales.
There are 19,708 single-family homes currently listed in the MLS. Most (7,454) are listed in the $200,000 - $300,000 price range, while another 2,128 are listed in the $300,000 - $350,000 range. Condos currently make up 4,337 offerings in the MLS, while duplexes/town homes/villas make up the remaining 2,268. Most condos (1,081) are priced at $140,000 to $180,000; most duplexes/town homes/villas (600) are $200,000 - $250,000.