With July now officially in the rearview mirror, numbers for how the local housing market fared last month have been released from the Orlando Regional Realtor Association.
According to the data, home prices in Metro Orlando actually dropped 1.3 percent in July, falling $3,000 to a median sale price of $235,000.
July represents the second time in three months in which Orlando area home prices fell month-to-month, with the last time being April to May’s decline of roughly $4,000.
July’s median home price is still well below the pre-recession peak of $264,436, but prices have still been steadily on the rise overall. Compared to July of 2017, the Metro Orlando median price is actually up from $220,000, which represents about a 6.8 percent spike.
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