Orlando median home price jumps 13 percent in April

Posted by Suzi Karr Realty on Tuesday, June 3rd, 2014 at 4:06pm.

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 Metro area are down 7.95 percent year to date.

As you can see prices have continued to rise while the number of sales has declined over the first part of 2014.  This is a normal occurrence as markets find their point of balance.  For a no obligation personalized analysis of your property please contact an SKR REALTOR.

*Statistics are from the Orlando Association of REALTORS MLS which are deemed reliable but not guaranteed.  

Please join me in welcoming four new associates to the SKR team.  We are very proud to add these professionals with such diverse backgrounds and talents to our team.  We are drawn together by our mutual commitment to personalized professional service.

Jesus Diaz: Originally from Caracas Venezuela, Jesus is bilingual and brings a wealth of private business marketing and management experience.

Sophia Khakdoust: Sophia continues her family’s long history of real estate excellence blending a lifetime of experience with a recent honors degree.

Sam Rivera: Sam’s extensive experience in new construction marketing, land development and portfolio investment consulting provides his foundation for his residential and commercial practice.

Kasia Pukeca:  Kasia has a wealth of experience in multi-family and student housing real estate investment and has worked for years in the customer service area of the medical industry.

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