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January 19th, 2016 1:33 PM by David W. Welch
December was another great month for sales in Orlando. There were a total of 3,186 closed sales with a median price of $187,889. That is way better than last December when we saw 3,117 closed sales with a median price of only $163,000. While the number of sales was only up 2%, prices have climbed over 15% from a year ago. Of the closed sales in the last month of 2015, 637 or 20% are REO with a median price of $125,699; only 144 or 4.5% are short sales with a median price of $138,400 and 2,405 or 75.5% are equity sales with a median price of $210,000. The 144 closed short sales accounted for 11% of the pending short sales. Cash sales remain strong, but continue to slide accounting for 1,201 or 37.7% of sales closing for all cash with a median price of $125,000. Financed sales made up 1,985 or 62.3% of the closed transactions last month with a median price of $218,500.Orlando Real Estate