Overall Orlando area real estate sales in 2011 were down by 3.48 percent over 2010. A total of 27,703 homes were sold in 2011 compared to 28,701 the previous year.
Orlando area sales of normal homes in 2011 increased 12.15 percent over 2010. Short sales increased by 20.93 percent while bank-owned or foreclosure sales declined by 27.35 percent.
The 2011 year-end year-to-date median price increased 1.29 percent to $109,900 compared 2010’s $108,500.
By year’s end in 2011, 34,670 homes were sold in the Orlando area while 35,140 homes had been sold by year’s end in 2010 (for a 1.34 percent decrease). Each central Florida county’s 2011 year-end sales comparisons are as follows:
- Lake: 3.26 percent above 2010 (4,343 homes sold in 2011 compared to 4,206 in 2010);
- Orange: 4.92 percent below 2010 (17,965 homes sold in 2011 compared to 18,894 in 2010);
- Osceola: 1.03 percent above 2010 (6,401 homes sold in 2011 compared to 6,336 in 2010); and
- Seminole: 4.51 percent above 2010 (5,961 sold in 2011 compared to 5,704 in 2010).
