The overall median price for the month of April is $163,000, a 13.43 percent increase over April 2013.
Orlando’s overall median price has recorded year-to-year gains for 33 consecutive months and has risen 41 percent since July 2011.
Members of ORRA participated in the sale of 2,630 homes in April 2014, a decrease of 4.99 percent compared to April 2013.
“Normal” (not short sale or bank owned) home sales in Orlando increased by 9.55 percent when compared to April 2013 and now make up 67 percent of the sales pie.
Homes of all types spent an average of 77 days on the market before coming under contract in April 2014, and the average home sold for 96 percent of its listing price; very similar to April 2013.
Sales of existing homes within the Orlando