It’s another increase for the median price of existing homes sold in the Orlando. Particularly noteworthy is that this month’s bigger median price is accompanied by an increase in sales, one of the few times this duo has appeared together in recent years.
The July 2012 median price of $125,750 is 8.87 percent higher than it was in July 2011, reports the Orlando Regional REALTOR® Association.
Steady monthly increases have driven Orlando’s median price up 16.44 percent since the beginning of the year, when it was $108,000. In addition, the median price has now posted positive year-to-year gains for 13 consecutive months.
All sales types experienced increases in median price in July. The median price of short sales increased 12.70 percent, while the median price of foreclosures increased 12.50 percent and normal sales increased 6.69 percent.
Excerp from the Orlando Regional REALTOR® Association. CLICK HERE for the Full Story >>>