MAY 2015 HOUSING REPORT
In May, Orlando sales continue to heat up with buyers once again taking advantage of low interest rates and the increased selection of homes available for sale.
Compared to last May, the overall median price of a home in Orlando rose 10% to $181,900.
Home sales also rose by 10% with a total of 2,951 homes sold in May.
Higher prices and increased sales have lead to more sellers putting their homes on the market.
More inventory provides more area home buyers with more options when looking for their dream home.
The number of homes available for sale has increased about 8% since last year with 11,798 homes on the market.