Orlando's median home prices rose six percent in March when compared to this time last year. Sales held steady with a one percent increase, reports the Orlando Regional REALTOR® Association. The available home inventory dropped by 10 percent from March 2017.
The median price for all types of Orlando homes went up to $230,000, which is a 5.5 percent increase from March last year. March is the 81st consecutive month for year-over-year price increases. Single-family homes that changed hands in March increased to $249,900, a 6.3 percent increase over March 2017, while condo prices increased 19.4 percent to $122,900.
Sales of distressed homes (foreclosures, and short sales) decreased from last year by 57.7 percent to 115 in March this year compared to 272 in March 2017.
The overall inventory of homes for sale decreased by 9.7 percent or 7,710 when compared to March last year.
The average interest paid by Orlando homebuyers was 4.29 percent, down from 4.39 percent in February.
Statistics courtesy of the Orlando Regional Realtors® Association
Author:Tom Rumph Phone: 407-963-5499 Dated: April 21st 2018 Views: 897 About Tom: ...
Raised in Miami-Dade and Broward County, I am proud to tell you that I am a Florida native and a happy parent of 2 lovely teenagers. I began my Real estate career in 2004 with a wide knowledge of customer service, management and banking background. Real estate is my passion and I enjoy working with different ethnicity.
With years of experience in customer service and management my methodology is to spend time listening to my client's needs and put them in the best possible situation whether buying or selling.
My values are honesty, integrity, professionalism, and communication. Central FL and South FL are my current farmed markets from east coast to west coast.
I Moved to Central Florida 7 years ago, bega n to plant my roots in the Central Florida area after working in Miami-Dade, Broward and palm beaches all my life.
My services include:
· Commercial building development
· Project management
· Business development
· Commercial sales
· Commercial leases
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· Real estate home staging
· Local real estate market reports
· Local real estate market expertise and guidance
· Real estate professional referrals (for those moving to another state or country)
· Real estate leasing (commercial, industrial, retail, residential)
· Short sales, Foreclosures,
I humbly request that you kindly consider contacting me for your future real estate needs whether it be residential or commercial.
Looking forward to work with you in near future.