Downtown Orlando Home Prices Continue To Climb
Home prices in metro Orlando continued their upward trend in September, increasing 8.7 percent compared to one year ago, including distressed sales.
The Santa Ana, Calif.-based company (NYSE: CLGX) also reports a 0.6 percent increase in home prices month-over-month from August.
Prior to that, home prices in the Orlando-Kissimmee-Sanford area increased by 8.2 percent in August 2012 when compared to August 2011.
Excluding distressed sales, local year-over-year home prices increased 9.8 percent in September.
Overall, Florida had the second-largest peak-to-current decline including distressed transactions at 44.7 percent.
Nationwide, home prices, including distressed sales, saw a 5 percent year-over-year increase in September 2012 — the biggest increase since July 2006 and marking the seventh consecutive increase in national home prices.