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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. Distress Sales Remain High
  2. Buyer’s Market in New Build Continues
  3. The Market (February 2009) – Where Are We?
  4. Orlando Market Indicator Goes Positive
  5. Orlando Foreclosure Sales

Posted by Art on 21/01/2010
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