Orlando Real Estate Market News - March 2016
Posted by Team Donovan on
February 'facts' from the Orlando resort area...
The overall resort area inventory increased by 1.4% in February compared to January as 2053 homes ended the month advertised for sale. By type this total comprised 1957 normal owner listings which represented an increase of 46 homes from last month. Conversely bank owned listings were down 12 at 59 and short sale listings fell by 4 at 37. Overall inventory was 16.5% above February 2015. The average days on market that a home takes to sell was down 2 from last month at 129 whilst the average percentage price achieved compared against final listing price was marginally down at 96.6%. The median price of an area home month on month showed a 0.8% gain at $168,857 and was up 3.2% from February 2015. During…