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July 12th, 2016 3:40 PM by David W. Welch
Close sales for the month are very strong with 3,769 consummated transactions last month with a median price of $205,000. Total sales are up 4.6% from a year ago, and prices are up nearly 13,9%. Of the closed sales in June, only 393 or 10.4% are REO with a median price of $124,500; 117 or 3.1% are short sales with a median price of $160,000; and 3,259 or 86.5% are equity sales with a median price of $215,000. Cash sales have plummeted as prices have risen. Only 1,077 or 28.6% of last months sales closed for all cash with a median sales price of $132,000. The remaining 2,692 or 71.4% closed with some type of financing with a median price of $223,515.
David Welch Real Estate Optimist, Orlando Real Estate