Wednesday, July 01, 2009

Bank Foreclosures Selling 2X the Rate

Days on the market is the number of days that a property is on the market before its under contact or called "pending" in the Multiple Listing Service. Here are how fast properties are moving in Orlando.


  • Bank Owned Properties are on the market for an average of 59 days


  • Distressed Properties, such as short sales are on the market for 209 days


  • Normal sales-not bank owned or short sales are on the market for an average of 125 days

Collectively with all home types the average days on the market for an Orlando home is 104 days. You can see bank owned properties sell faster than any other type sale.