September 11, 2009

The median price of all homes sold during the month of August dropped to $128,000, a trend that Les Simmonds, L.G. Simmonds Real Estate Corp., president of the Orlando Regional REALTOR® Association, expects to continue as the tremendous backlog of bank-owned and distressed home sales work their way though the transaction process.   > Read the Media Release   > Read the Talking Points



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ORRA Originated Sales
August 2008
6.39%
24,834
4,064
1,669
3,220
545
1,697
1,566
1,280*
113*
Sept. 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*
Nov. 2008
6.00%
24,408
3,594
1,644
3,326
566
1,453
1,575
1,110*
108*
Dec. 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
1,050*
103*
February 2009
5.25%
22,168
3,876
2,434
4,348
599
1,134
1,488
1,322*
100*
March 2009
4.67%
21,448
4,043
2,956
4,906
665
1,290
1,426
1,754*
103*
April 2009
4.86%
20,194
3,715
3,412
5,818
648
1,014
1,339
1,854*
102*
May 2009
4.90%
19,123
3,754
3,455
6,603
690
958
1,300
1,882*
103*
June 2009
5.48%
17,831
3,921
3,686
7,230
797
1,111
1,297
2,220*
104*
July 2009
5.34%
17,231
4,158
3,696
7,713
787
849
1,266
2,299*
101*
August 2009
5.26%
16,361
4,232
 3,324 8,237
436
787
1,259
2,112
93

* 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



 

 







 
Inventory

 
Membership 8-09 8-08
ORRA 9,070 10,258
Affiliates 279 282
Applicants 134 90

 

Unemployment Rate Orlando MSA
July 2009 11%
July 2008 6.2%





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