Central Florida Real Estate Market Update – July ’10
Central Florida continued with another strong month in home sales for June 2010. According to Orlando Regional Realtor Association (ORRA), there were 2,834 closed sales in June 2010. Nearly 28% higher than June 2009 numbers of 2,220 closed sales. Our median price rose for the 6th straight month and sits now at $116,000 compared to $102,000 in January 2010. We are now only a little over 11% below previous year median price which is good news compared to seeing 20% or more in home value declines in our area. Pending sales are up 33% over June 2009 while inventory levels are 8.56% lower than June 2009. This gives us a good indicator of future strong sales that should occur in the coming months and hopefully controlled inventory levels. CLICK HERE to read the full report.
