Orlando Housing Increase Every Month
The median price of Orlando area existing-home sales has increased for the third consecutive month – to $103,000 – reports the Orlando Regional REALTOR? Association. However, the March 2011 median price is 6.36 percent less than the median recorded in March 2010.
The increase in overall median price is attributable in part to an increase in the number of “normal” home sales, which have higher selling prices than foreclosures or short sales. The number of normal sales in March (733) is 28.15 percent higher than in February (572).
“Short sales and foreclosures continue to dominate and account for 70.50 percent of sales in March,” says ORRA Chairman of the Board Mike McGraw, McGraw Real Estate Services, PL. “A consistently high percentage of these sales types is something that we want to see; the sooner they flush through the system the sooner we can get back to a market based on normal sales.”
The key will be to see if we can keep this going over a sustained amount of time as it is great news. Lets hope it continues.
http://realtrends.com/products/updates/view?uid=23&pid=173&page=4
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Impressive June Numbers
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Filed under Florida, Home Resales, Mortgages, Positive Real Estate, Real Estate Articles
- Image by the_tahoe_guy via Flickr
Tampa Bay area homes sales have increased significantly in June 2010. 3,226 homes were closed, four hundred more than this time last year. Condo sales have grown, as well. In the Tampa Bay area, condos ha sales have gone up 38% compared to a year ago.
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Marin County Up 10.1%
May 17, 2010 by admin
Filed under california, Positive Real Estate
- Image via Wikipedia
http://marinrealestateblog.com/ reports that the median price for homes in Marin County rose for the second month, gaining 10.1%. The median price for condominiums also rose. The median price for homes Sold in Marin in April of 2009 was $800,000, the median price for homes Sold in April of 2010 was $865,000. The average price for homes Sold in April of 2009 was $1,022,859, the average price for homes Sold in April of 2010 was $1,164,496. Average days on the market for homes Sold in April of 2009 was 107 days, and the average number of days on the market for homes Sold in April of 2010 was 80 – the shortest time since August of 2008.
