Orlando Property News | Market statistics for August 2011
·
The Orlando area’s overall median price for August 2011 increased by
15.1% over August 2010. Since January of this year, Orlando’s median
price has increased by 21.2%
·
The steady rise in the percentage of “normal” sales continues to boost
the overall median price. Bank-owned sales dropped 51.4%
percent compared to August 2010 and “normal” sales increased
32.0%.
·
The number of homes available for purchase in the Orlando area declined
further with inventory / stocks down 39.2% percent from August of last
year.
·
Homes of all types spent an average of 101days on the market before
coming under contract in August 2011, and the average home sold for
95.0% of its listing price
