Orlando Real Estate Market News - April 2016
Posted by Team Donovan on
March 'musings' from the Orlando resort area...
March closings across the resort area resulted in 281 homes changing hands which was 2 less than the March 2015 total but 36 above the 245 February 2016 closings. Overall inventory levels were down 2.1% from last month at 2010 active listings. By type normal owner listings were down 45 month on month at 1912 while short sales fell 2 at 35. Conversely bank owned inventory recorded a rise of 4 homes at 65. Year on year inventory levels have continued to rise with the overall March total up 11.2% from the same month last year. The median price of a resort area home was up 0.5% from last month at $169,893 and up 4.6% from the March 2015 median price of $162,118. The areas average days on market remained…