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April 5th, 2013 4:26 PM by David W. Welch
Sales were smokin' in March. I went out on a limb and predicted better than 2,600 sales for the month and we crushed it. There were a total of 2,704 closed sales posted last month with a median sales price of $139,000. The sales price also eclipsed my prediction of $135,000. The number of sales was up nearly 15% from February's 2,262. All three categories of properties; REO, short sale and equity sale, saw increased sales numbers. Of the closed sales 597 or 22.1% were REO with a median sales price of $82,500. There were 610 or 22.6% of all sales identified as short sales with a median price of $110,375. Equity sales made up 1,497 or 55.3% with a median price of $175,000. Interestingly, REO and short sale prices were down while equity sales prices were up considerably. Cash deals continue to dominate with 1,518 or 56.1% of all sales closing without financing and a median price of $98,000. Financed sales accounted for only 1,186 or 43.9% with a median price of $190,000.
David Welch Real Estate Optimist, Orlando Real Estate, Search for Homes