Orlando property inventory stock level lowest since 2005. Prices
increase for third consecutive month
- The April 2011 inventory stock level of Orlando homes is 27%
lower than it was in April 2010
- The April median price has increased for the third consecutive
month
- Orlando’s inventory stock of condos is 54% percent lower than in
April 2010
- At the current pace of sales there is just 4.8 months’ supply,
the lowest since December 2005
- The average price for homes sold was 94% of listing / asking
price.
- “Normal” sales accounted for 35% of all sales, while
foreclosures made up 65%
- The median price of resale homes sold in April 2011 is
8.7% down from price April 2010.
The lower median price of foreclosures - which fell 5% from last
month - continues to pull down the overall median price.
Source: Orlando Regional Realtors Association
Posted: 14 April 2011
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