Orlando "normal" property sales increase September 2011 as bank-owned sales drop more
than 50%
- The number of bank-owned sales dropped 52.7% compared to
September 2010, while “normal” sales increased by 18.4%.
- “Normal” sales accounted for 38.4% of all sales, while
bank-owned and short sales made up 61.6%. The lower price of
foreclosures and short sales continues to negatively influence the
overall median price.
- The average home sold for 93.8% of its listing price.
- Homes under offer (pending closing) in September show an
increase of 7.5% compared to last year.
“It’s an extraordinary time to buy,” says the ORRA Chairman of the
Board. “Although Orlando’s inventory (stock) is shrinking and the
median price is rising, there are still plenty of available options
and the median price is comparable to that back in 2001”
Posted: 13 October 2011
Source: Orlando Regional Realtors Association
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