Wednesday, February 11, 2009

Orlando Real Estate January Market Statistics

The median price of Orlando homes sold in January ($148,274) decreased by 33.06 percent compared to January 2008 while the area’s average interest rate dropped to its lowest point since May of 2005, creating market conditions that further tilt in favor of buyers.

  • Average Mortgage Rate: 5.28%
  • Inventory of Homes: 22,613
  • New Listings: 4,340
  • New Contracts: 2,282
  • Under Contract: 3,830
  • Back on the Market: 556
  • Expired: 1,377
  • Withdrawn: 1,598
  • Sales Closed: 957
  • Average Days on Market: 104

For historical months, please click here.