single family homes: Orlando Single Family Homes Show Highest Gains in April
- 05/28/13 04:33 AM
Single-family homes in Orlando sold for higher values than almost every other area in Florida during April, showcasing Central Florida's continued recovery and popularity in the real estate market. In total, the median price for single-family homes reached $161,000, which is an impressive 20.1 percent increase from just a year ago. This keeps stride with the median value of Florida's 20 largest metropolitan areas, which reached $165,000 and a 17.4 percent increase over the year prior. While single-family home price increases stole the spotlight last month, Orlando's condo and townhome prices also showed impressive growth. Condos and townhome prices rose approximately 16.4 (0 comments)
Pending home sales saw a small rise from February to March according to the Pending Home Sales Index, although limited inventory is forcing contract activity to taper off. The Pending Home Sales Index rose from 104.1 in February to 105.7 in March, a gain of 1.5 percent from the downwardly revised numbers heading in to the month. This also represents a seven percent increase in the annual basis, and making it the 23rd consecutive month that pending sales have risen above their year before figures. While the Pending Homes Sales Index shows an increase in contract levels, the effect is beginning to slow, (0 comments)
RE/MAX Exclusive Collection is a boutique real estate office located in College Park in Orlando Florida. Michael Kara, broker, has over 15 years of experience and closes more pro-consumer short sales than any other Realtor in Orlando.