Orlando's median home prices rose six percent in March when compared to this time last year. Sales held steady with a one percent increase, reports the Orlando Regional REALTOR® Association. The available home inventory dropped by 10 percent from March 2017.
The median price for all types of Orlando homes went up to $230,000, which is a 5.5 percent increase from March last year. March is the 81st consecutive month for year-over-year price increases. Single-family homes that changed hands in March increased to $249,900, a 6.3 percent increase over March 2017, while condo prices increased 19.4 percent to $122,900.
Sales of distressed homes (foreclosures, and short sales) decreased from last year by 57.7 percent to 115 in March this year compared to 272 in March 2017.
The overall inventory of homes for sale decreased by 9.7 percent or 7,710 when compared to March last year.
The average interest paid by Orlando homebuyers was 4.29 percent, down from 4.39 percent in February.
Statistics courtesy of the Orlando Regional Realtors® Association
Author:Tom Rumph Phone: 407-963-5499 Dated: April 21st 2018 Views: 155 About Tom: ...
View our latest blog posts in your RSS reader. Click here to access.
The single most popular reason that agents choose La Rosa Realty is our unique 100% Commission structure. That is absolutely no secret, La Rosa offers the most competitive commission plan in the industry regardless of the market that you are in. We did not invent the 100% commission structure, we just recreated it to include the comprehensive tools and structure that has been vacant within the industry since its inception.
Our commission plan is very simple, straight forward and are all inclusive of all the tools offered by La Rosa Realty. Plain and simple La Rosa offers the best commission structure in the entire industry, period! Welcome to Tomorrow's Real Estate Industry today. The Market is always changing and real estate agents have been forced to change the way they conduct business. Isn’t it time to find a brokerage that is doing the same?
"La Rosa Realty is hands down a rarity in the Real Estate Industry. Never have I seen such passion and strive for excellence. The Broker, Joe La Rosa, makes each and every one of his agents' success a personal goal. If you're looking for a TOP NOTCH company to either find an agent to assist with your search for that perfect home or looking for an AMAZING new environment to work in... La Rosa Realty is it!!!"