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Orlando Real Estate Statistics from Realtor.com February 2012 - 03/15/12 04:20 AM
February 2012 real estate search results are in and Orlando, FL was the #9 most searched market in the country in February 2012, based on data released today by Realtor.com, the #1 homes for sale real estate web site.
Median list prices for homes in Orlando, FL hit $154,500 in February 2012, a 3.00% increase from one year ago this month, and -0.32% decrease from January 2012. The national median list price in February 2012 was $188,000, a 6.82% increase compared to February 2011.
Active for sale inventory of homes in Orlando, FL in February 2012 leveled out at … (1 comments)
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Like it or not, Short Sales Define our Market - 03/14/12 08:34 AM
The overall impression of banks’ handling short sales has improved. I believe their communication has improved greatly, but their results really have not improved. Over the past three years, I have observed and tracked the closing ratio of short sale pendings. I calculate it monthly as the number of short sales closed as a percentage of the total number of pending short sales. This is a statistic I pretty much made up to monitor the success rate of short sales. This statistic has consistently fluctuated in the 8-10% range. It has been at the higher end of the range for the … (1 comments)
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Get Your Head Out of the Sand - 03/09/12 08:46 AM
You are under water on your mortgage, or maybe having trouble making your mortgage payments. What do you do? It appears a lot of people are doing nothing. Things are getting better here in Orlando with respect to our local real estate market, but I believe there are still thousands of homes that are in trouble. Only a portion of the homes that have had foreclosure filings over the last few years have shown up in our marketplace. I imagine some people were able to catch their payments back up, some have been pursuing loan modifications, and others may have hired … (3 comments)
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Orlando Real Estate Statistics February 2012 - 03/05/12 09:59 AM
If you follow my blog today's numbers, of course, will not be a big surprise. The story to keep an eye on is our inventory which continues to decline. Currently, there are only 8,415 homes available for sale. Of the homes available for sale 844 or 10.0% are foreclosures, 2,450 or 29.1% are short sales, and 5,121 or 60.9% are equity sales. Based on February's sales numbers we have just under 4.23 months supply of homes for sale. We typically consider six months supply to indicate a balanced market. Although new listings come on the market every day, they are going … (2 comments)
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David Welch, Orlando Real Estate Optimist
Orlando,
FL
More about me…
Remax 200 Realty
Address: 954 S. Orlando Ave., Winter Park, FL, 32789
Office Phone: (407) 629-6330 x 399
Cell Phone: (407) 924-7670
Email Me
Orlando Real Estate Blog, news, statistics, marketing reports, insight, opinions. Orlando real estate includes, Winter Park Windermere, Apopka, Ocoee, and Winter Garden, as well as Conway and Dr. Phillips areas of Orlando.
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