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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The 55+ housing market seems to still be trending upward, according to the latest 55+ Housing Market Index that was recently released from the National Association of Home Builders. According to the results, which are broken down into both single-family homes and condos, builders and developers are continuing to see strong demand for 55 and over housing, and so much so that increasing costs of building materials are making it challenging to meet current demand.

Since HMI tracking started in 2008, 55+ condos received the second highest reading, even despite a drop in points to 57.  Present sales, sales expected in the next six months, and traffic of prospective buyers all dropped for both single-family homes and condos, but just about every category for…

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