February 11, 2009

The median price of Orlando homes sold in January ($148,274) decreased by 33.06 percent compared to January 2008 while the area’s average interest rate dropped to its lowest point since May of 2005, creating market conditions that further tilt in favor of buyers. (More)



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ORRA Originated Sales
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
1,110*
108*
December 2008
5.40%
22,524
3,460
1,871
3,265
597
2,707
1,579
1,445*
107*
January 2009
5.28%
22,613
4,340
2,282
3,830
556
1,377
1,598
957
104

* 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.



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Membership 1-09 1-08
ORRA 8,158 10,391
Affiliates 273 437
Applicants 92 144


 

Unemployment Rate Orlando MSA
December 2008 7.7%
December 2007 4.3%





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