Tuesday, December 18, 2012

Highest Increase in 3 years for Orlando homes

As I look around my neighborhood, I have noticed an upward shift in sales and price.  It's great to see that the upward swing is being felt throughout Central Florida: 

November’s median price for existing homes in Orlando was $129,000, up 12 percent compared to last year, and the midpoint price reached its highest level in three years, the Orlando Sentinel reports.

The Orlando Regional Realtor Association reported that its members sold 2,430 houses last month – a 20 percent increase from the year-ago period – and the average interest rate paid by homebuyers in Orlando was 3.47 percent compared to 4.1 percent in November 2011.

To read the Orlando Sentinel article, click here.

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