Central Florida Real EstateNew housing data from the Orlando Regional Realtor Association was recently released, revealing that Orlando area home prices spiked more than 10 percent in April year-over-year. Sales last month also saw an 8 percent increase compared to last year while inventory dropped by almost 11 percent. 

Combining all housing types, the overall median home price in Orlando in April was $237,000, up from $215,000 in April of 2017. The upward trend is certainly nothing new, however, as year-over-year increases have now been registered for 82 consecutive months. Compared to July of 2011, the Orlando area median home price is up a whopping 105.19 percent. 

When broken down, the median condo price saw a much bigger spike, increasing by just over 20 percent to $130,000. Single-family homes in the Orlando area, however, saw just a 9.4 percent increase in April to $257,000. 

In terms of sales, members of the Orlando Regional Realtor Association recorded 3,347 sales of all home types in April, improving last year’s monthly sales volume in April by 8.3 percent. 

Posted by Carlos German on
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