Tuesday, May 04, 2010

March Orlando Real Estate Statistics

March Orlando Real Estate Statistic recently released by Orlando Regional Realtor Association shows interests rates super low, listings are up and so are contracts and closed sales, a sign both buyers and sellers are confident in market and things looking up.
  • Mortgate Rates:  Average 4.99%
  • Inventory:  16,223
  • New Listings: 5282
  • New Contracts:  4,662
  • Under Contract: 10,179
  • Back on Market: 1,195
  • Expired:  680
  • Withdrawn: 1,233
  • Sales Closed: 2,473
  • Average Days on Market: 92
Other Interesting Facts for March Orlando Real Estate Sales:
  • 67.17% of sales consisted of distressed properties (bank owned and short sales)
  • 32.83 % consisted of normal sales
  • 54% or 302 condos sold were priced under $50,000
For historical and graphical history, please visit March Orlando Real Estate Statistics.