Existing single-family home sales in Orlando grew by 7 percent in August 2010, compared to one year ago, although values decreased, Florida Realtors said today in a report. A total of 2,289 single-family homes sold compared to 2,134 in August 2009.
Orlando’s median sales price for existing homes last month was $128,400, representing a decline of 11 percent from $144,200, where it stood one year ago.
Existing condominium sales were much better, increasing by 59 percent. In August 859 units were sold in August 2010, compared with 541 in August 2009. Condominium prices declined by a mere $600 or 1 percent, from $49,900 in August 2009 to $49,300 last month.
Statewide, 13,997 single-family homes sold in August, 89 more than the 13,908 in August 2009. Florida median home prices were $134,000, a decline of 9 percent from $146,500 recorded one year ago.
Florida’s condominium sales were 5,706, up by 22 percent from the 4,662 units sold in August 2009. However, median sale prices were $81,600, compared to $107,200 one year ago, a decline of 24 percent.
Year-to-date, state-wide single-family home sales grew to 117,974 in August 2010 compared to 104, 228 in August 2009, an increase of 13 percent. Year-to-date, values declined to $137,600 compared to $143,700 one year ago, a decline of 4 percent.
Similarly, year-to-date state-wide condominium sales increased by 42 percent, from 34,547 to 49,144 or 42 percent. However, prices dropped from $109, 900 in August 2009 to $94,300, or 14 percent.
