ORRA HOUSING MARKET REPORT - OCTOBER 2016

Posted by Suzi Karr Realty on Friday, November 18th, 2016 at 3:24pm.

Orlando median price continues its upward trend as sales and inventory slip

The median price of Orlando area homes rose 14 percent year-over-year in October. Meanwhile, sales decreased 8 percent as inventory took its greatest year-over-year tumble in 2016 and dropped by 12 percent.

The overall median price (all sales types and all home types combined) for the month of October 2016 is $205,000, a 13.95 percent jump compared to the $179,900 median price in October 2015. The median price is steady compared to the September 2016 median of also $205,000.

The Orlando median home price has now experienced year-over-year increases for the past 63 consecutive months; as of October the median price is 77.49 percent higher than it was in July 2011. >>Read more.

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