Category Archives: Supply
The Orlando MSA saw a continued drop in homes on the market over the last few months. Inventory now stands at just over 9,000 homes representing roughly a 5-month supply. However homes in the $100,000-200,000 range exist in less than a 3-month supply. Bidding wars in this price range are … Continue reading
With all the talk about job creation and high unemployment lately, I read an interesting fact today; with the existing population growth an estimated 90,000 jobs need to be created each month just to keep the unemployment number where it is today (9.2%). That’s an impressive number of jobs being … Continue reading
I’ve been charting inventory in Central Florida (Orlando MSA) for a while now. The inventory is in steep decline and the market is seeing some price rise. Both median and average sales prices increased marginally but the inventory compression is forecasting a comeback in home prices:
Is the inventory of homes increasing or decreasing? Understanding this will give investors a glimpse into how long the current home price depression will exist. The National Association of Realtors stated last week that the number of existing homes on the market stood around 3.87 million, representing a 9.2-month supply … Continue reading
Central Florida, otherwise known as the greater Orlando area has seen its inventory of available homes decline by 25% in the last 12 months. Now at the present rate of sales, there is only a 5 month supply of homes on the market. A case for investing in Florida?