Orlando home prices drop slightly

November Home Price Index showed prices of homes in Orlando-Kissimmee-Sanford, including distressed sales, fell 1.2 percent in November 2011 compared to November 2010. Home prices also were 1.1 percent lower in October 2011 when compared with the year-earlier month.

Meanwhile, November 2011 prices were 3.6 percent lower than the year prior excluding distressed sales, and were 4.1 percent lower in October 2011 when compared with October 2010.

A month ago, the firm also reportedSeptember 2011 sales fell 2.4 percent.

Distressed sales include short sales and bank-owned property sales.

CoreLogic also reported U.S. home sales fell 1.4 percent in November, the fourth straight monthly sales decline.

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