Orlando Real Estate Market News - February 2018
Posted by Team Donovan on
February 'factoids' From The Resort Area...
Total sales of 294 across the resort communities during February were 9.8% up from the January 288 total and 8% higher than the February 2017 total of 272. The number of homes under contract awaiting closure stood at 542 which was 12.5% down from the 610 total on the corresponding month last year. Homes that sold achieved on average of 97.25%, of the asking price which was unchanged from last year, but took 1 day less to sell than a year ago at an average 133 days. The markets median price was up 10.6% from last years $184,363 at $204,025. The number of homes withdrawn from the market having failed to sell whilst listed was 97 while inventory levels overall continued to decline. Total inventory stood at 1310…