The median price of existing homes sold in the Orlando area during September rose nearly 25 percent over the median price in September of 2012, marking the 11th consecutive month of double-digit increases.
Single-family home sales increased 7.59 percent in September 2013 compared to September 2012, while condo sales decreased 15.60 percent.
Compared to September of 2012, the number of short sales (424) decreased 34.87 percent and the number of foreclosures (437) decreased 19.82 percent. The number of completed traditional sales (1,543), however, is a 40.27 percent increase compared to last year.
Current inventory combined with the current pace of sales created a 3.80-month supply of homes in Orlando for September. There was a 3.52-month supply in September 2012 and a 2.96-month supply last month.
MSA Numbers[Metro Orlando Area:Osceola,Orange,Lake & Seminole
Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and Seminole counties) in September were up by 4.27 percent when compared to September of 2012. Throughout the MSA, 2,832 homes were sold in September 2013 compared with 2,716 in September 2012. To date, sales throughout the MSA are 8.56 percent above this time last year.