Orlando Property Market Continues Upward Movement in November
- The median price of all existing homes sold in November 2011 is 9.52%
higher than in November 2010
- "Normal” sales in November increased by 21.6% over November 2010, while
short-sales increased 39.4% and bank-owned foreclosures dropped 41.9%
- Overall inventory level is 33.3% lower than it was in November 2010
- Homes of all types spent an average of 99 days on the market before coming
under contract.
- The average home sold for 94.1% of its listing price.
“An improved median sales price is good for homeowners and home sellers”
says the Chairman of ORRA, “but it also means that buyers are going to
encounter proportionally higher asking prices.”
Posted: 14 December 2011
Source: Orlando Regional Realtors Association
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