Orlando Real Estate

Orlando Real Estate Sales so far November 2009

November 23rd, 2009 11:17 AM by David W. Welch

So far in November Orlando Realtors have closed 1,286 sales with a median sales price of $124,000. Of that number 541 were bank owned properties selling for $85,000, 281 were short sales with a median sales price of $121,000 and 464 were "normal" sales closing at $179,950. The number of active listings has creeped up a bit to 16,073 while pending contracts have actually fallen a little to 8,874. There are currenlty 1,370 active and 1,758 pending REO properties. Short sales account for 5,803 active listings and 5,510 of the pending contracts. November should still record a very strong number of sales, with December finally slowing down a bit. I do not expect a significant drop off this winter, because prices, interest rates, the tax credit and the inventory of homes remains favorable for buyers.

Orlando Real Estate, David Welch Real Estate Optimist, As Seen On HGTV's House Hunters
Posted in:General
Posted by David W. Welch on November 23rd, 2009 11:17 AM

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