Orlando Real Estate Market News - August 2015
Posted by Team Donovan on
August 'arithmetic' from the Orlando resort area...
August sales across the Orlando resort area were down 5.3% month on month as records record that 283 homes have changed ownership in the last 31 days. Year on year figures show this to be an increase of 58 closings compared to the August 2014 225 recorded total. Homes sold during August achieved on average 96.6% of the asking price (unchanged from last month) after 129 days on the market, a rise of 1 day from both last month and the August 2014 recorded figure. The resort area median price remained little changed from last month at $164,125 from $164,450 last month but is 3.7% higher than the $158,125 recorded median price of August 2014. Inventory levels overall were 28% higher than a year ago with…