October Housing Stats
Filed Under Orlando Real Estate · Tagged:
(ORLANDO, FL) — According to the Orlando Regional Realtor Association (ORRA), sales of existing single-family homes in October 2011 jumped 18% over last October’s home sales pace, marking the year’s greatest month-over-month increase in sales of this home type.
In addition to the 18.16 percent increase in existing single-family home sales, Orlando’s overall home sales (homes, condos and townhomes) for October have increased by 5.89 percent.
“October marks the first time since March that overall sales have indicated a month-over-month improvement,” says ORRA Chairman Mike McGraw, McGraw Real Estate Services, PL. “This additional activity can be attributed to a multitude of local factors — such as low interest rates, a higher percentage of “normal” sales, and a steady incline in median price — that are encouraging buyers to take advantage of today extraordinary market conditions.” [Read more]
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