Orlando Condo Sales Rebound

Home resales in the Orlando market grew more than 43 percent in June, according to the Orlando Regional Realtor Association.

Realtors sold 2,131 homes last month in the Orlando metropolitan statistical area, and the sales growth has helped pare down area inventory supply to single digits for the first time this year.

Homes in the Orlando area spent an average of 104 days on the market before being sold in June 2009, and the average home sold for 93.8 percent of its listing price.

Along with stronger sales, 7,230 homes were awaiting closings, more than double the 3,329 that were pending at this time last year.

Orlando condo market resales, meanwhile, went from 136 sold in June 2008 to 394 sales last month. To date, 1,781 condos sold this year, a huge spike from the 691 posted at this time in 2008. There 176 condo units that sold for up to $50,000, while 61 sold in the $50,000-$60,000 range and 11 sold for more than $250,000.

Leave a Reply

Your email address will not be published. Required fields are marked *