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Market Share – Distress Sales

Distress sales are driving the region’s housing market to such a degree now that two-thirds of the existing home closings in the Orlando area in December ’09 involved bank-owned or short-sale properties.

The growing number of desperation sales, combined with the region’s free-falling condominium prices, drove down prices overall last year by more than one-third, to a median of $130,000 compared with a midpoint of $209, 500 in 2008.

- Orlando Sentinel, January 21, 2010 -

Related posts:

  1. Buyer’s Market in New Build Continues
  2. The Market (February 2009) – Where Are We?
  3. U.S. Foreign National Buying Data For 2006
  4. Value In New Construction
  5. Orlando Apartment Vacancies Up

Posted by Art on 21/01/2010
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