Orlando homes for sale and especailly southwest Orlando, Dr. Phillips, Windermere homes and Winter Garden communities 
continue to see declining inventory levels which will only help the fragil real estate market’s recovery. The Orlando Realtor Association reported this past week another decline in homes for sale to 16,361, down from 22,613 reported the first of the year.
2009 Inventory totals
- Jan 09 - 22,613
- Mar 09 - 21,448
- May 09 - 19,123
- Jun 09 - 17,831
- Aug 09 - 16,361
A huge percentage of sold homes in 2009 are from the tremendous backlog of Orlando bank-owned homes and distressed properties which Central Florida will continue to see dominating the market place, still yet, less homes on the market will only help the recovery.
Another trend that is continuing in the Orlando real estate market are the increasing pending sales (homes under 
contract). As I mentioned the bank owned and distress properties are the driving force but before the local real estate market gets on solid ground these properties need to continue to sell.
Over the next few months going into the Winter months the competition will not be as great as it’s been on distressed properties this Summer. Take a look at the latest Orlando foreclosures updated throughout the day.
View Orlando foreclosures! 
