Orlando Real Estate Market News - June 2017
Posted by Team Donovan on***Published on 1st June 2017***  May  'math' From The Resort Area...  The resort area overall inventory was down 8.9% from 12 months ago as May total listings stood at 1794 compared to the 1955 in May 2016. By type normal owner listings totaled 1736 which compared to 1880 in May 2016. Bank owned homes comprised 36 of the total inventory while short sales comprised 22 which compared to the  41 and 34 respectively recorded in May 2016. The average number of days that a home took to sell increased by 1 from a year ago to 131 while a sold home achieved an average 97.1% of its listed price, up from the 96.6% a year ago. The average median price of an area home was up 10.4% year on year from $171,750 to $189,644. Total sales in May were 401 which…