Orlando’s median home price finished out the year 22.04 percent higher than where it started, thanks to significant median price improvements every single month. In fact, Orlando’s overall median price has now posted positive year-to-year gains for 18 consecutive months, and has climbed 38.88 percent since January 2011.
“With its very consistent improvements in both median price and sales, Orlando’s 2012 housing market clearly demonstrates that it is in recovery mode,” says Orlando Regional REALTOR® Association Chairman Steve Merchant, Global Realty International. “Orlando REALTORS® anticipate a continued recovery in our area, and hope for an increase in the supply of homes for sale in order to keep up with the very strong buyer demand we are currently experiencing.”
The December median price of $131,800 (the highest since July 2009) is 10.76 percent above that of December 2011 ($119,000) and 3.01 percent above that of November 2012 ($127,950).
All sales types experienced year-to-year increases in median
price in December. The median price of normal sales increased 4.40 percent, while the median price of foreclosures jumped 23.00 percent and short sales increased 2.86 percent.
SOURCE: Orlando Regional REALTOR® Association and the My Florida Regional Multiple Listing Service