Orlando home sales increase 3 percent as median price continues upward march and climbs 12 percent
The median price of Orlando homes rose 12 percent year-over-year in September, while sales increased by 3 percent. The supply of homes available for purchase in the Orlando area slid downward by 10 percent.
“However, a glimmer of hope lies in the increase of “normal” sales that entered the inventory in September as new listings,” continues Lazenby. “While new listings of foreclosures and short sales are plummeting as these sales types disappear from the market, new listings of “normal” sales are up more than 16 percent. REALTORS® are encouraged to see that more traditional homeowners are realizing it is an opportune time to sell and are putting their properties on the market.
