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May 5th, 2013 5:45 PM by David W. Welch
Active listings may have increased and pending sales declined, but that has not slowed down the actual closed sales. April was another super month for closed sales climbing slightly from March's 2,704 to 2,759 with a higher median price of $144,990. That is more than a 4% increase in price. Of the closed sales, 578 or 20.9% were REO with a median sales price of $90,550. There were 593 short sales or 21.5% of the total with a median price of $115,000. The 593 closings represented 10.2% of the total number of pending short sales. There were 1,588 equity sales or 57.6% with a median sales price of $175,000. REO and short sale closings both declined while traditional sales more than made up the difference. Cash sales continue to outpace financed sales. There were 1,529 cash sales making up 55.4% of all sales with a median price of $101,000. The remaining 1,230 financed sales accounted for the other 44.6% of sales with a median price of $185,000.
David Welch Real Estate Optimist, Orlando Real Estate, Search for Homes