Orlando Foreclosure Trends for May 2015
June 26th, 2015 by tisnerIn May, Orlando foreclosure filings were 21% lower than the previous month and 43% lower than the same time last year, according to RealtyTrac.com.
Orlando Foreclosure Geographical Comparison
Orlando foreclosures were 0.09% above national statistics, 0.06% below Florida figures, and 0.01% below Orange County numbers in May 2015.
Orlando Foreclosure Status Distribution
The current distribution of foreclosures based on the number of active foreclosure homes in Orlando, FL.
Pre-foreclosures accounted for 16.6% of the foreclosure activity in May, Auctions were 34.8%, and Bank-owned properties were 48.6%.
Orlando Foreclosure Activity by Month
In May, the number of bank-owned properties decreased 10.7% from the previous month and 4.8% from the previous year. The number of auctions decreased 40.1% from the previous month and 67.3% from the previous year. Pre-foreclosure activity increased 18.8% from the previous month and dropped 13.6% from the previous year.
Information courtesy of Orlando Realtor Teri Isner, Orlando Avenue top Team.
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