Orlando Real Estate

Nationally, home sales took a nose dive in January, but that was not the case here in Florida. Resales were up 24% over the prior year, and in Orlando real estate sales were up 28% over last year. I think once again, people are seeing Florida and Orlando especially as a place they want to live and a real estate bargain. The median price of existing homes across the country was just over $170,000 according to the National Association of Realtors, but the median in Florida was around $139,000. Orlando's median home sales price was in between at $150,500.

Locally, these sales trends continued in February. This should bode well for the big spring selling season.

David Welch, Real Estate Optimist