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Retail home prices are falling in Orange & Osceola counties
New data shows for the first time since 2012 retail home prices are falling in metro Orange & Osceola counties in Florida.
 In a statement from Zillow; after seven years of month-over-month increases, the median price of a Central Florida home dropped recently according to our real estate data tracking. It shows the end of an incredible 86-month streak where the value of the median home shot up 94% to $239,200.
 It’s doubtful that home prices will drop to levels that we had in 06 to 09 but this market is so crazy that one doesn’t know.
 The average sale price of an existing home in the region fell $5,000 to $255,000 from April 2018 to April 2019 and so far for 2019, the total sales are down 9.2% across Central Florida according to the Orlando Regional Realtor Association.
 In the last few years one thing that has helped move up home values was the lack of salable inventory, that is slowly coming to an end with more homes now coming on the market.  The other problem we have is the artificial home values in some areas. Now that more inventory is coming on the MLS we are seeing longer times on the market to ... more

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