*Orlando home sales (all home types combined) in May 2013 were up 15.63 percent when compared to May of 2012 and up 3.14 percent when compared to May 2013.
*Single-family home sales in the Orlando area increased by 16.64 percent in May when compared to May of last year. Villa sales increased by 21.08 percent; condo sales increased 7.85 percent.
*Of the 2,855 sales in May, 1,696 normal sales accounted for 59.40 percent of all sales, while 539 bank-owned and 620 short sales respectively made up 18.88 percent and 21.72 percent.
*The number of normal sales in May increased by 44.96 percent compared to May 2012, while short-sales decreased 8.96 percent and foreclosures decreased by 12.78 percent.
*The 8,631 pendings in May of this year is a decrease of 16.13 percent compared to the 10,291 pendings in May of last year (and a 1.75 percent decrease compared to the 8,785 pendings last month).
*Short sales made up 57.31 percent of pendings in May. Normal properties accounted for 29.58 percent and bank-owned properties accounted for 13.12 percent.
*Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and Seminole counties) in May were up by 8.32 percent when compared to May of 2012. Throughout the MSA, 3,464 homes were sold in May 2013 compared with 3,198 in May 2012.
To date, sales throughout the MSA are 9.48 percent above this time last year
NICOLE & HUDSON