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Orlando FL Foreclosure Trends – March 2012

April 24th, 2012 by tisner

There were 12,128 Orlando FL foreclosure homes in March 2012, according to RealtyTrac.com.  The average sales price of an Orlando home was $126,288 and the average sales price of a foreclosure home was $104,270, a $22,018 savings.

Orlando FL Foreclosure Activity and 30 Year Interest Rate

The interest rate on a 30 year mortgage was 3.95% in March and there were 986 new foreclosures compared to 1,171 new foreclosures in February.

 

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Orlando FL Foreclosure Geographical Comparison

Orlando FL foreclosures were 0.11% above national statistics, 0.04% below Florida figures and 0.01% below Orange County numbers in March.

 

Orlando FL Foreclosure Activity by Month

Orlando FL foreclosure activity is falling. The number of Bank-owned homes rose in March from 367 homes to 393. The number of auctions increased from 235 to 257 and Pre-foreclosure acitivity dropped from 569 to 336 homes.

 

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Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 17 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

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