Orlando real estate sales for September have dropped again over the August period; this is the 3rd monthly  decline of sales since June. This includes the counties of Orange, Seminole, Volusia, Lake and Osceola County, with Volusia County showing the largest decline of 16%. The total amount of available listings has dropped from 35,404 to 34,207 mainly due to bank owned listing being withdrawn because of the Robo issues. 20105 of the total listings are in some kind of foreclosure with Lake County having 1968 distressed properties, Seminole County with 2904, Orange County 9839, Volusia County 1672 and Osceola County with 3775. There is a silver lining in all the dark clouds, we have seen some home price increases in most of the counties, although Osceola County is sales showing a per sqf. decline of 3%. The sales outlook for the next 3 month is looking very tentative and hopefully the foreclosure title issues are not putting too much of a damper on the demand .

Counties:

• Orange County:  8.6 months of unsold inventory
• Units  Sold 1555
  • August over September- 8 % decline
  • Price reduction – 2% increase
• Seminole County:  9.4 months of unsold inventory
• Units Sold  450
  • August over September- 14 decline
  • Price reduction -2%
• Volusia County:  11.9 months of unsold inventory
• Units Sold  239
  • August over September- 16 % decline
  • Price reduction  – 3% increase
• Lake  County:  13.9 months of unsold inventory
• Units Sold  303
  • August over September- 8 % decline
  • Price reduction  – 9 % increase
• Osceola  County: 10.1 months of unsold inventory
• Units Sold  522
  • August over September- 9 % decline
  • Price reduction  – 3% decline

Cities:

• Orlando: 8.1 months of unsold inventory
• Units Sold : 1184

• August over September- 7 % decline
• Price reduction  – 1% decline

• Oviedo: 9.3  months of unsold inventory
• Units Sold  45

• August over September- 38% decline
• Price reduction   -6% decline

• Deltona: 8.9 months of unsold inventory
• Units Sold 95

• August over September- 27 % decline
• Price reduction  – 3% decline

• Lake Mary: 7.7  months of unsold inventory
• Units Sold 49

• August over September- 20 % decline
• Price reduction  -  17% increase

• Winter Park: 10.0  months of unsold inventory
• Units Sold 90

• August over September- 30 % decline
• Price reduction  -  17% increase

• Apopka: 10.7  months of unsold inventory
• Units Sold  69

• August over September- 40 % decline
• Price reduction  -  4% increase

• Kissimmee: 9.2 months of unsold inventory
• Units Sold 445

• • August over September- 10 % decline
  • Price reduction  - 4% increase