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Orlando Real Estate Market (2Q 2009): Price per Square Foot Waffling

Of the homes that have sold so far in 2009, 60% are ‘distressed’ properties in some stage of foreclosure. This explains why prices continue to decline at an unprecedented rate.

Average Price per Square Foot, though, is exhibiting some indirection. Could this indicate a bottom? Only time will tell.

Orange & Seminole Counties

Single-Family Homes

Average Price Per Square Foot

Source: Trendgraphix, Inc. and My Florida Regional Multiple Listing Service. Reports based on sales data available for the most recent month of activity.

Posted Sunday Jul 19