Declining interest rates and swelling inventory have contributed to another month of increased home sales in the Orlando area. The overall median price for November is $165,000, a 6.5% increase over last November, and a 3% increase over last month. Orlando’s overall median price now has 41 consecutive months of year-to-year gains, rising 43% since July 2011.
Orlando's growing inventory of homes is helping meet ongoing demand, resulting in a 18% increase in sales in October according to the Orlando Regional REALTOR® Association. Additionally, Orlando's median sold home price of $160,000 rose 4% over October 2013, continuing year-to-year gains for 40 consecutive months.