Orlando housing market continues to record sales gains
• Orlando home sales in July 2010 were up 3.83 percent over July 2009.
• In July, 740 “normal” sales accounted for 31 percent of all sales, while
bank-owned and short sales made up 69 percent.
• Pending sales are up 18.41 percent in July of this year compared to July
of last year.
• The median price of all existing homes combined sold in July 2010
decreased 4.43 percent compared to June 2010.
• July’s median price for “normal” sales is up 4.15 percent from last
month’s. The median price for bank-owned sales is down 4.52 percent, and the
median price for short sales is steady from last month.
• Homes of all types spent an average of 85 days on the market before coming
under contract in July 2010, and the average home sold for 94.89 percent of
its listing price.
• The July 2010 inventory level is 3.88 percent lower than it was in July
2009. The current pace of sales translates into 6.94 months of supply; July
2009 recorded 7.49 months of supply.
Posted: 10 August 2010
Source: Orlando Regional Realtors Association
Click here for original article
