Below are the latest local housing statistics from the Orlando Regional Realtor® Association.
Things are definitely looking up for Orlando area real estate. The Orlando Regional REALTOR® Association reported an increase of almost 20 percent in the number of sales overall, an increase in traditional sales and a decrease in short sales and foreclosures. Also, record interest rates usher in higher median prices and sales. The median price of Orlando homes sold during the month of February leapt nearly 20 percent over February 2012, driven in no small part by a record low interest rate of 3.21 percent that is enabling buyers to afford a little more house, reports the Orlando Regional REALTOR® Association. This has helped to raise Orlando sales prices to the highest point in three years.