Monday Market Report – On the Rise

According to the Orlando Regional Realtor Association, the number of “normal sales” – those properties that are not short sales or foreclosures – is on the rise.  In May 37.47% of all sales were those “normal” sales.  What does this mean for you?

As a homeowner you probably think about the value of your home on a regular basis.  Whether you purchased in 1995 or 2005, the thought of declining values is painful.  Well, there is a bit of good news on the rise.  The number of normal sales has a direct correlation to the median value of homes in the Orlando area.  This is because traditional sales (normal sales) often sell for more than short sales and bank owned properties.  The median value like the number of normal sales has increased since January to $110,000.  Can we sustain the increase in the median sales price?

 

Data provided by the Orlando Regional Realtor Association

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About Kathryn Stelljes PA

I am a Realtor in the Downtown Orlando area. I have earned a Bachelor's Degree in Marketing and a degree in Residential Planning. My background in these design fields has advanced my ability to sell in the realm of residential real estate. As a native Floridian and resident of Downtown Orlando I understand the growing needs for homeowners in the Central Florida home market and specifically the Downtown market. I enjoy sharing information about businesses, fun events, and the historic homes and neighborhoods that make Downtown Orlando such a unique and vibrant place to live. I love Italian Greyhounds, old houses, interior design and design blogs, social media networking, and anything marketing related.
This entry was posted in Central Florida News, Monday Market Report, Orlando News, Real Estate Market, Real Estate News and tagged , , , , . Bookmark the permalink.

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