MARCH 2015 HOUSING REPORT
In March, Orlando home sales surged once again as buyers continued to take advantage of record low interest rates and the increased inventory of homes available for sale.
Compared to last March, the overall median price of a home in Orlando rose 11% to $177,500.
A total of 3,067 homes sold this month which is an increase of more than 25% compared to last March and the highest number of home sales since June 2010.
Higher prices and increased sales have lead to more sellers putting their homes on the market.
The number of homes available for sale has increased by 11% since last year with about 11,529 homes currently available for sale.