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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