Sales of Orlando existing homes jump 18% in October
- Orlando sales of existing houses in October 2011 were 18.2% more than in October
of 2010, which is the year’s greatest month-over-month increase.
- Sales of all home types combined were up 5.9% over October 2010.
- “Normal” sales accounted for 41.3% of all sales, while bank-owned and short
sales made up 58.7%. The lower price of foreclosures and short sales
continues to negatively influence the overall median price.
- The average home sold for 94.7% of its listing price
- The October 2011 overall inventory stock level is 35.4% lower than it was in
October 2010
"October marks the first time since March that overall sales have indicated
a month-over-month improvement,” says the Orlando Regional Realtors
Association Chairman. "This additional activity can be attributed to a
multitude of local factors that are encouraging buyers to take advantage of
today’s extraordinary market conditions.”
Posted: 15 November 2011
Source: Orlando Regional Realtors Association
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