Monday Morning Quarterback Report gives you a snapshot of the previous week’s Orlando FL real estate market activity, including sales, prices, days on market, and much, much more.
Week of December 5, 2011
Single-family existing homes
Sales of single-family homes increased to 404 during the week of Nov 27, from 168 the week prior
The median price of single family homes increased to $138,000, a change of 4.0%
The number of single-family home foreclosure transactions increased to 74 last week, from 24 the week of Nov 20
The number of single-family home short-sale transactions increased to 141 from 67 the week prior
Single-family inventory decreased by 59, and now sits at 10,618
There were 10,317 Orlando FL foreclosure homes in October, 2011, according to RealtyTrac.com. 1 in every 1,961 housing units received a foreclosure filing. The average sales price of an Orlando home was $121,127 and the average sales price of a foreclosure home was $102,742, a $96,284 savings.
Orlando FL Foreclosure Activity and 30 Year Interest Rate
The interest rate on a 30 year mortgage was 4.07% in October and there were 1,961 new foreclosures.
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 0.37% above national statistics, 0.18% above Florida figures and 0.03% above Orange County numbers in October.
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Week of December 5, 2011
