Interesting Florida Home Sale Stats Just Posted
Some interesting Florida and Orlando home sale stats just in from the Orlando Realtor May 2009 magazine..www.ORLRealtor.com
The median price of Orlando-area homes sold in March was $137,000, a 1 year decline of 34.14%. If you factor out the bank-owned and distressed sales, however, and the median price jumps to $174,995.
March 2009 Number of Sales % of Sales Median Price
Bank Owned 700 42.35% $95,000
Distressed 111 6.71% $143,500
Normal 842 50.94% $174,995
TOTAL 1,653 --- $137,000
Nearly 25% of adults say they plan ot purchase a home in the next 5 yrs, and half of those will be first-time homebuyers, accoriding to a survey commissioned by Move, Inc. More than 18% cite the $8000 tax credit as a motivating factor.
Florida's existing home sales rose 20% in February, making it the 6th consecutive month with a year-to-year include. A total of 9858 homes changed hands statewide, which is also a 16.7% increase over January.
Refinancing accounts for 78.5% of all mortgage applications during the month of March.
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