FEBRUARY 2015 HOUSING REPORT
In February, increased inventory combined with low interest rates continued the trend of strong home buyer demand in Orlando and lead to another month of higher home sales at higher home prices.
Compared to last February, the overall median price of a home in Orlando rose 4% to $165,000.
A total of 2,377 homes sold this month, which is an increase of 19%.
Compared to last February, higher prices and increased sales have lead to more sellers putting their homes on the market more.
Inventory provides area home buyers with more options when looking for their dream home.
The number of homes available for sale has increased by 12% over last year with 11,446 homes on the market.