Monday, December 17, 2012

Central Florida Housing Market Update -

November 2012 Housing Market - Talking Points - Orlando Regional Realtor Association


*Orlando home sales (all home types combined) in November 2012 were up 19.88 percent when compared to November of 2011 and down 5.89 percent when compared to October 2012.
*Single-family home sales in the Orlando area increased by 22.44percent in November when compared to November of last year. Villa sales decreased by 1.35 percent; condo sales increased by 22.74 percent.
*Of the 2,430 sales in November, 1,218 normal sales accounted for 50.12 percent of all sales, while 507 bank-owned and 705 short sales respectively made up 20.86 percent and 29.01 percent.
*The number of normal sales in November increased by 50.37 percent compared to November 2011, while short-sales decreased 6.62 percent and foreclosures increased 9.74 percent.
*The 8,847 pendings in November of this year is a decrease of 0.70 percent compared to the 8,909 pendings in November of last year.
*Short sales made up 67.37 percent of pendings in November. Normal properties accounted for 21.04 percent and bank-owned properties accounted for 11.60 percent.
*Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and Seminole counties) in November were up by 13.40 percent when compared to November of 2011. Throughout the MSA, 2,869 homes were sold in November 2012 compared with 2,530 in November 2011. To date, sales are up 0.82 percent for all counties combined.

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