Central Florida Real Estate 360 – Keeping You In The Know

Take a look at the March 2010 Central Florida Real Estate Market Update provided by Orlando Regional Realtor Association (ORRA). February 2010 home sales were up nearly 40% over February 2009. After a drop in median homes prices from December 2009 to January 2010, median home prices climbed higher for February 2010 by 6.07% over January 2010. The median price for ‘Normal’ sales, (non foreclosures and non short sale), is $168,100. Overall, our area median price was down 26.71% compared to February 2009, but Pending sales are still very strong and the number of homes on the market is still nearly 28% lower compared to February 2009 numbers.