Median Price of Homes Sold in Orlando FL Continues to Stabilize
February’s Median Sales Price for homes sold was $223,000, up slightly from the January median sales price of $221,500. The average price, however, decreased to $276,200, down 14.4%% from January. The number of homes sold, however, increased from 813 homes sold in January to 932 homes sold in February. January’s volume of 813 was the lowest level of sales per month in the past several years.
At the end of February the residual inventory (on MLS) was 25,984 units, just slightly up from the 25,724 level in January, 2008.
Data is courtesy of Orlando Regional REALTOR® Association.
March 15th, 2008 at 2:26 am
Maureen,
Seeing the number of sales go up from one month to another is encouraging. I certainly hope that this is the start of a string of months. The real estate market in Florida could really use the assistance! Thanks for an excellent post.
Respectfully,
The Upfront Mortgage Broker
Joe Bartolotta