Orlando’s existing home and condo sales fell in the second quarter of 2011 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors.
Existing home sales declined by 4 percent in 2Q 2011 with a total of 7,554 home sold; during the same period the year before, a total of 7,874 home changed hands according to Florida Realtors.
Orlando existing-home median sales price was $125,600 for the three-month period; in 2Q 2010, it was $136,300 for a decrease of 8 percent.
Sales of existing condos in the second quarter dropped by 26 percent to 1,845, compared to a year ago when 2,485  existing condos sold.  However, existing-condo median sales price rose to $56,100 in the second quarter; a year earlier, it was $51,300 for a 9 percent increase.
Statewide, existing home and existing sales increased in the second quarter of 2011 compared to same period one year ago. Existing home sales rose by 1 percent and existing condo sales by 14 percent.
Both home and condo sales in the second quarter also increased over 1Q 2011’s sales figures, Florida Realtors’ records show.
Looking at Florida’s housing sector in the second quarter of 2011, Dr. Sean Snaith, director of the University of Central Florida’s Institute for Economic Competitiveness, noted positive signs for a strengthening recovery.
“Florida Realtors second quarter housing data shows that momentum in sales of both single family homes and condominiums continues to build, while median sales prices have also increased from first quarter to the second,” Snaith said.
