Market Statistics
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Pace of Orlando home sales remains strong in June
(July 12, 2010 – Orlando, FL) Strong homebuyer demand continued in June, elevating the level of home sales and increasing the area’s month-over-month median sales price for the sixth consecutive month. Members of the Orlando Regional REALTOR® Association reported completed sales on 2,834 homes in June, which is a 27.66 percent increase over the June 2009 mark of 2,220.
The number of new contracts filed in June 2010 (3,736) represents an increase of 1.36 percent more than were filed in June 2009 (3,686). The area’s pending sales statistic — also an indicator of future sales activity – is likewise remaining at a record high with 33.13 percent more homes (9,625) under contract and awaiting closing in June of this year than in June of last year (7,230).
And finally, the median price of all existing homes combined sold in June 2010 increased 0.87 percent to $116,000 from the $115,000 recorded in May 2010. June 2010’s median price is, however, a decrease of 11.57 percent compared to June 2009’s median of $131,175.
If you are interested in searching for homes in the Central Florida market, please click here www.ExitRealtyOrlando.com |
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Bill Calhoon
Sales Manager
FORECLOSURE DIRECTOR
EXIT Realty Central
Tags: Banks, Finance, First time home buyer, foreclosures, orlando, real estate, Tax Credit
This entry was posted
on Monday, July 12th, 2010 at 3:16 pm and is filed under Community, Finance, Foreclosures.
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