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.
