The year-to-year median sales price of Orlando area homes jumped more than 9 percent in May, marking the fourth consecutive monthly increase and a leap of 11.11 percent since January, reports the Orlando Regional REALTOR® Association.
The overall median price of Orlando homes increased 9.09 percent over May 2011’s median price of $110,000, to $120,000. In addition, the May 2012 overall median price is 2.56 percent higher than that recorded in April 2012 ($117,000).
[embedplusvideo height=”281″ width=”450″ standard=”http://www.youtube.com/v/eDqmVpVw9CU?fs=1″ vars=”ytid=eDqmVpVw9CU&width=450&height=281&start=&stop=&rs=w&hd=0&react=1&chapters=¬es=” id=”ep1236″ /]For detailed statistical reports, please visit www.orlrealtor.com and click on “Housing Statistics” on the top menu bar. This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the My Florida Regional Multiple Listing Service. Neither the association nor MFRMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or MFRMLS may not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date. ORRA REALTOR® sales, referred to as the core market, represent all sales by members of the Orlando Regional REALTOR® Association, not necessarily those sales strictly in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received. Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.