Orlando’s overall median price tiptoes up 5 percent since August
The median sales price of existing homes in September climbed 5.11 percent
up from the median price recorded in August, reports the Orlando Regional
REALTOR® Association
• Orlando home sales in September 2010 were down 2.88 percent over September
2009.
• In September, “normal” sales accounted for 28.62 percent of all sales,
while bank-owned and short sales made up 71.38 percent.
• Pending sales are down .88 percent compared to September of last year.
• Condo sales in the Orlando area increased by 15.85 percent in September
when compared to September of last year
• The median price of all existing homes combined sold in September 2010
decreased 16.00 from that recorded in September 2009. September 2010’s
median price is an increase of 5.11 percent compared to August 2010’s
median.
• September’s median price encompasses all types of sales situations and
home types. The median price for “normal” sales is down 5.36 percent from
last month. The median price for bank-owned sales is up 3.41 percent and the
median price for short sales is up 10.00 percent from last month.
• Homes of all types spent an average of 88 days on the market before coming
under contract in September 2010, and the average home sold for 95.14
percent of its listing price.
• The September 2010 inventory level is 2.46 percent higher than it was in
September 2009. The current pace of sales translates into 7.35 months of
supply.
Posted: 11 October 2010
Source: Orlando Regional Realtors Association
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