December 10, 2008

 


First time homebuyers have the best conditions since March 2004 to purchase a home in the Orlando area, as a decrease in the median sales price of homes sold in November pushed the first time homebuyer affordability index up to 96.09 percent. In addition, inventory of houses on the market is stocked with more than 6,030 homes in the average first time buyer’s price range of $136,422 or less. (More)



For a printable version of this report, please click here (.pdf)
ORRA Originated Sales
November 2007
6.08%
26,172
3,610
1,193
1,806
238
1,768
1,849
1,029*
114*
December 2007
5.93%
24,298
3,415
1,023
1,559
220
3,157
1,462
1,076*
113*
January 2008
5.60%
25,724
5,474
1,239
1,731
265
1,804
1,805
813*
117*
February 2008
5.87%
25,984
4,811
1,537
2,175
279
1,681
1,778
951*
123*
March 2008
5.94%
25,472
4,398
1,679
2,398
383
1,791
1,704
1,120*
128*
April 2008
5.77%
 25,436
4,526
 2,012
2,853
422
1,621
1,589
1,231*
120*
May 2008
5.94%
25,015
4,195
2,010
3,225
463
1,579
1,709
1,347*
115*
June 2008
6.35%
24,575
4,189
2,031
3,329
535
1,739
1,685
1,489*
121*
July 2008
6.40%
24,742
4,388
1,947
3,258
566
1,661
1,657
1,472*
116*
August 2008
6.39%
24,834
4,064
1,669
3,220
545
1,697
1,566
1,280*
113*
September 2008
6.00%
24,690
4,099
1,908
3,256
594
1,683
1,578
1,394*
112*
October 2008
6.30%
24,657
4,289
1,959
3,316
607
1,691
1,675
1,228*
110*
November 2008
6.00%
24,408
3,594
1,644
3,326
566
1,453
1,575
1,076
109

* Monthly revised sales. Complete stats and data may be found under Housing Statistics at orlrealtor.com.
Comments or suggestions? Contact Mike Blinn, Statistician.

Market Pulse™ data represents all listings taken or sold by ORRA brokers, regardless of location and is exclusive to residential property, which includes townhomes, duplexes, single-family homes, and condos. It does not include vacant land or commercial transactions.



Average Mortgage Rate

 

 

 

 

Law Symposium

 
New Listings

 

Membership 11-08 11-07
ORRA 9,409 11,878
Affiliates 291 465
Applicants 54 75


 

Unemployment Rate Orlando MSA
October 2008 6.8%
October 2007 4.0%





Market Pulse
printing instructions

For a printable version of this report, please click here (.pdf)
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