Orlando home sales and median price both rise in March
Orlando’s median home price jumped more than 10 percent in April when compared to April of last year while sales likewise saw an increase of more than 8 percent, reports the Orlando Regional REALTOR® Association. Inventory declined by nearly 11 percent compared to this time last year.
The overall median price of Orlando homes (all types combined) sold in April is $237,000, which is 10.3 percent above the April 2017 median price of $215,000 and 3.0 percent above the March 2018 median price of $230,000.
Year-over-year increases in median price have been recorded for the past 82 consecutive months; as of April 2018, the overall median price is 105.19 percent higher than it was back in July 2011. >
Realtor.com by Cody Horvaton
As we gear up for what is going to be one of the most competitive home buying seasons in history, we asked potential home buyers how they felt about the looming house hunting season. We surveyed 1,000 active buyers in March on their views of the market this year through Toluna Research. Here are five key takeaways from the survey and tips on how you can use this information to get a leg up on the competition >>read more
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Orlando’s median home price rose 10 percent in February when compared to February of last year while sales held steady with a 1 percent increase, reports the Orlando Regional REALTOR® Association. Inventory declined by nearly 9 percent compared to this time last year. Read more >>
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Getting a mortgage is, by general consensus, the most treacherous part of buying a home. In a recent survey, 42% of home buyers said they found the mortgage experience “stressful,” and 32% found it “complicated.” Even lenders agree that it's often a struggle. If you're out to buy a home, you have to be vigilant. To clue you into the pitfalls, here are six of the most common ways people mess up getting a mortgage. Read more >>
The Orlando Metropolitan Statistical Area (MSA) extends over 4,012 square miles and consists of four counties: Orange County (1,004.3 sq. mi.), Seminole County (344.9 sq. mi.), Lake County (1,156.5 sq. mi) and Osceola County (1,506.5 sq. mi.). An extensive highway network weaves the four counties together. The Atlantic Ocean is approximately a one-hour drive away and the Gulf of Mexico is approximately a two-hour drive. Orlando International Airport, Orlando Sanford International Airport and Port Canaveral offer global export and import possibilities for businesses involved in international trade. Proximity to local, regional, national and global markets has helped Orlando become one of the world’s most exciting and dynamic business environments. Read…