Distressed sales depress Orlando housing prices

Posted by mortgagebroker in Commercial Real Esta... | 09.15.2009 - 5:00 pm

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ORLANDO – The median price of all homes sold during the month of August 2009 dropped to $128,000, a trend that Les Simmonds, L.G. Simmonds Real Estate Corp., president of the Orlando Regional Realtor Association, expects to continue as the tremendous backlog of bank-owned and distressed home sales work their way though the transaction process.


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