Orlando Home Sales Increase Again
Orlando home sales in the market grew more than 43 percent in June 2009, according to the Orlando Realtor Association.
Association members sold 2,131 homes last month in the Orlando metropolitan area, and the sales growth has finally helped bring down area inventory supply to single digits.
Nearly 46 percent of the homes were either bank-owned or distressed property sales. Homes in the Orlando area spent an average of 104 days on the market before being sold in June, and the average home sold for 93.8 percent of its listing price - which may surprise many.
About 184 single-family homes sold in the $200,000-$250,000 range, while 10 homes sold for $1 million or more.
Along with stronger sales, 7,230 homes were awaiting closings, more than double the 3,329 that were pending at this time last year.
Duplex, townhome and villa resales also jumped nearly 32.8 percent, from 131 in June 2008 to 174 last month.
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