Florida Realtors reports that the median home price in the greater Orlando-Kissimmee-Sanford metropolitan area increased by 11.5 percent for the month of October as compared to last year. Home sales themselves were up just 0.8 percent for the same time period, with 2,668 homes changing hands and a median sales price settling of $199,590.
Statewide, the housing market reported higher median prices, fewer days on the market and a lower inventory of homes for sale in the month. With sales of existing single-family homes totaling 22,147, the market showed an increase of 1.2 percent over October 2014. Meanwhile the median sales price for a single-family existing home last month was $198,995, an uptick of 12.4 percent from the previous year.
“October marked the 47th consecutive month that statewide median sales prices increased year-over-year for both single-family homes and townhouse-condo properties,” said 2015 Florida Realtors President Andrew Barbar, a broker with Keller Williams Realty Services in Boca Raton. “Sellers received a higher percentage of their original list price, with single-family homes getting on average 94.3 percent, and it took a median of 46 days for single-family homes [to sell].”
