Orlando Real Estate

Orlando Real Estate

March 15th, 2007 11:13 AM by David W. Welch

The median price of homes sold by Orlando Regional Realtor Association (ORRA) members in February 2007 was $255,000. That is 6.25% higher than the median price last year of $240,000. This increase in inspite of the record level of inventory of homes available for sale. Randy Martin, President of ORRA, stated "Indicators such as the slowing pace of newly added inventory and rising median price suggest that the market is headed toward equilibrium."
Posted in:General
Posted by David W. Welch on March 15th, 2007 11:13 AM

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