In Jan, 73% of all Orlando home sales were distressed sales (bank-owned or short sale). The average home spent 90 days on the market before going under contract & sold for an average 94% of asking price.
“Homeowners should note that Orlando’s median price is being downwardly distorted by the significant proportion of distressed and bank-owned sales,” says ORRA Chairman of the Board Kathleen Gallagher McIver. “This distorted median price does not equate to an across-the-board loss of value for traditional homes in good condition.”
Learn more from Orlando Regional Realtor Assn.
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