Tuesday, December 14, 2010

Orlando Real Estate November Market Statistics

Orlando Real Estate Market Statistics for November is showing the median price of a home at $105,000 is holding steady September, October, and now November, making Orlando area real estate an affordable option for buyers.  Breaking this down by catergory, the median price of a bank foreclosure is $78,101, median price for short us $99,950, and for a normal sale is $159,000. Distressed properties consisting of short sales and bank foreclosures consisting of approximately 66% of sales keeping property prices low.  With historically low interest rates, and selection it is great opportunity to buy Orlando Real Estate!
  • Average Mortgage Rate:  4.28%
  • Inventory  15,192
  • New Listings:  3,346
  • New Contracts:  3,243
  • Under Contract:  8,998
  • Back On Market: 999
  • Expired:  630
  • Withdrawn:  1,083
  • Sales Closed:  1,843
  • Average Days on Market:  97
Click here for historical Orlando Market Statistics.