Wednesday, October 13, 2010

Orlando Real Estate Statistics for September

Orlando Realtor Association has published its monthly September real estate statistics for Orlando Real Estate.  Inventory of homes slightly up from September of 2009, but with many foreclosures frozen, I suspect these inventory numbers to go down when October statistics is published.  The median price a home has increased from August $99,900 to September $105,000.  Distressed properties such as bank foreclosures and short sales continue to dominant the sales market.  September distressed sales consisted 71.38% while the rest where normal sales at 20.62%.   New contracts and pending closings slightly down.  Mortgage rates remain very, very low.
  • Average mortgage:  4.46%
  • Inventory: 16,359
  • New listings: 3,984
  • New contracts: 3,654
  • Under contract:  8,713
  • Back on Market:  1,169
  • Withdrawn:  1,301
  • Sales Closed:  2,226
  • Average Days on Market:  88