Karen Arbutine & Associates
Orlando
1-888-727-7778
Menu

Rising Home Prices in Orlando

NEXT
PREV
Thu, May 13, 2010 at 10:11AM

The month of April was a good one for the Orlando real estate market.  2,461 properties were sold last month, which was up by one-third from a year ago. Existing home home sales prices were up for a third straight month, and foreclosure activity was down by one-fourth from a month earlier.  2/3 of all existing -home sales were from distress sales.  Bank owned houses accounted for 46% of all sales, while the remainder of the distress deals in the overall total were short sales.  Orlando's median house price increased to $115,000 a gain of 5 percent from March, according to the Orlando Regional Realtor Association's monthly report.  The midpoint price in April for "normal" homes sales was $160,000; for short sales, $115,000; and for bankowned sales $72,900.  The prices have all increased since the prior month.

The evidence of the April 30th homebuyer tax-credit deadline was evident in what appeared to be a record number of new contracts filed: 5,221, or a 53 percent increase from a year earlier. 


Bookmark & Share



User Comments


Be the first to comment on this post below!


Popular tags on this blog

Awards & Recognition | Central Florida New Home Construction | central florida news | Curb Appeal | Entertainment | Finding Your Dream Home | Foreclosures | Golden Oak Real Estate | Heathrow FL News | Hot 100 Realtor Hall of Fame | Housing Market | Karen Arbutine | Longwood FL Home for Sale | Longwood FL News | Luxury New Home Construction | Memorial Day | Mortgage News | New Home Construction | Orlando FL Economy | Orlando Luxury Homes | RE/MAX | Real Estate Myth | Real Estate News | Sales Tax | Selling Bonus |



All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: My Florida Regional MLS (updated 11/18/17)
Read Our Blog
LISTING SEARCH

- OR -

Advanced Search 

SHARE THIS PAGE
Read Our Blog

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2015 getorlandorealestate.com - all rights reserved. | Site MapThe Lake Mary / Heathrow Florida Real Estate Blog




More Central Florida Real Estate