Orlando property prices increase in May for fourth consecutive month
• 37.5% of all home sales in May 2011 were ‘normal’ sales, with the
balance being bank-owned and short sales, making this the fourth
consecutive month of increasing ‘normal’ sales.
• The median price has increased for the fourth consecutive month, and
is now only 4.3% lower than it was in May 2010.
• The average home sold for 95% of its listing price.
• The May 2011 housing inventory stock level is 31% lower than it was in
May 2010. House inventory is down 25% and condo inventory is down 55%
• The current pace of sales is the lowest since December 2005, at just
4.6 months of supply
• The number of contracts under offer is at the highest point since May
2010.
Posted: 16 May 2011
Source: Orlando Regional Realtors Association
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