Wednesday, December 13, 2006
ORRA: 2006 will Finish as Second-Best Year for Existing Home Sales
Even though the housing market is cooling, Orlando will finish 2006 as its second-best year in terms of single-family existing home sales, according to the Orlando Regional Realtor Association. Through the end of November, ORRA members were involved in 25,371 transactions. While that's 717 fewer sales than in 2004 and below 2005's record 31,230 transactions, ORRA says it expects the sales totals from December to propel this year's sales past 2004's.
In November, 1,597 homes changed hands, compared with 2,423 in November 2005 and 1,897 in November 2004. The median price for existing homes sold in November reached $250,000, up from $249,900 in November 2005 and $182,300 in November 2004. The average sale price in November was $300,210, up from $300,078 in 2005 and $231,339 in 2004.
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