Orlando Property Median Price Jumps 12% in December 2011
- The median price of all existing homes combined sold in
December 2011 showed a 12.4% increase from December 2010.
The overall median for the year is 1.3% above that of 2010.
- ‘Normal’ sales in December increased by 14.2% over
December 2010, while short-sales increased 24.4% and
bank-owned / foreclosures dropped 56.3%.
- Overall inventory stock level is 35.1% lower than in
December 2010, and 4.0% lower than in November 2011.
- Homes of all types spent an average of 103 days on the
market before coming under contract
- The average home sold for 92.4% of its listing price.
The Chairman of the Orlando Regional Realtors Association
says that buyers are taking note of Orlando’s historic
affordability conditions, consistent increases in prices and
dramatically declining inventory, and are taking action.
Posted:
16 January 2012Source: Orlando Regional Realtors association
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