Orlando Real Estate Market News - February 2014
Posted by Team Donovan on
February ‘figures’ From The Orlando Resort Area …
Inventory levels across the communities tracked by Team Donovan fell by a net 19 homes in February to a revised 1437 homes listed for sale. This figure is 338 homes higher than the February 2013 figure of 1099. This total when reviewed by listing type comprises 1195 normal owner listed homes, which was 21 less than last month, 138 bank owned listings and 104 short sales. During the month 179 homes closed and changed hands with the average time that a home takes to sell down by 1 day from last month to 136 days. Homes that closed sold on average for 97.12% of the listed price, unchanged from January. The overall median price was up by 0.3% from last month to a revised $153,188. During the last 28 days 131…