Oviedo, FL Real Estate Market Update for July 6-12

Each week, the Real Estate Market Update provides a glimpse into the conditions of the real estate market in Oviedo, Florida.

Have a real estate question you'd like to have answered in this column? Email Megan Sladek at megan@megansladek.com
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Good morning CITIZEN readers!

Here are some housing statistics for Greater Oviedo from last week:

Statistics for Greater Oviedo since last Sunday:
On the Market – 530 (down from last week)
SOLD – 12 (half last week)
Under Contract – 245 (up from the previous week)
Those indicating some level of financial distress – 145 (this includes short sales, pre-forclosures, and the like – up from last week)

Detailed break-down of homes for sale:
Oviedo* - 402 (down from last week)
Oviedo city limits – 109 (up 2 from last week)
Chuluota – 72 (up 1 from last week)
Geneva – 56 (same as last week)

*Homes included in this statistic include homes for sale in both Oviedo proper and portions of unincorporated Seminole County that use an Oviedo mailing address.

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Megan Sladek is a real estate consultant with SunFlorida Realty, a firm that has been serving Greater Oviedo since 1982. She is also an attorney and licensed mortgage broker. Megan can be reached at 407-365-8888 or megan@megansladek.com.