Orlando’s New Sales Contracts Increase; Median Price Holding Steady
Members of the Orlando Regional REALTOR Association reported an increase in
the number of home-sale contracts they filed in November, with newly filed
contracts topping last November’s tally by 7.28 percent.
The area’s pending sales statistic — like new contracts — is also an
indicator of future sales activity. This number is also an increase of 4.23
percent over the homes that were under contract in November 2009.
• Pending sales are up 4.23 percent in November of this year compared to
November of last year.
• The median price of all existing homes combined sold in November 2010 is a
14.63 percent decrease from the median price recorded in November 2009.
November 2010’s median price is exactly the same as both the September and
October 2010 median price.
• The lower median prices of bank-owned and short sales, which accounted for
66.67 percent of all sales in November, continue to exert a downward
influence on the overall median price.
• Orlando home sales in November 2010 were down 20.65 percent over November
2009.
• Condo sales in the Orlando area decreased by 6.45 percent in November when
compared to November of last year.
• Homes of all types spent an average of 97 days on the market before coming
under contract in November 2010, and the average home sold for 94.08 percent
of its listing price.
• The November 2010 inventory level is 1.61 percent lower than it was in
November 2009.
Posted: 13 December 2010
Source: Orlando Regional Realtors Association
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