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Lake Mary Homes For Sale / The Lake Mary / Heathrow Florida Real Estate Blog / Greater Orlando Real Estate /

Orlando Median Home Sales Price Increases

Posted by at 12:02 PM on Monday, July 05, 2010

For the third consecutive month Orlando's overall median home price increased to $115,000 (as of May 2010) and the bank-owned homes and short-sale homes have helped increase the median sales price. The current median is 11.54% below the median price in April 2009, which was $130,000.

Bank-owned homes and short-sale homes made up approximately 67 percent of all sales, with bank-owned alone accounting for 46 percent.

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User Comments

Nice to see
Love to hear about steady gains in any market...good news. Here in the Hilton Head Real Estate market we're seeing the lower priced/distressed properties selling quickly as well. We've got a good amount of short sales and foreclosures however that 67% figure is pretty shocking...we'll get though it!

Posted by on Friday, July 09, 2010 At 02:19 PM