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- Withdrawn: 1,301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
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