Median Price of Existing Homes Slips to 2006 Levels
(Orlando Sentinel, Apr. 10th):
"Orlando Regional Realtors Association: The median price of Orlando area existing homes sold in March slipped to 2006 levels, $240,000… Sales of homes and condos rose to 1,665 in March from 1,541 in February in the core Orlando market as the spring selling season kicked off. But that was down 42% from March 2006… The number of homes for sale by local Realtors rose to a record 23,547 from a revised 22,055 in February, up 1,492, a 14-month supply at the recent sales pace… The local Realtor group's affordability index rose to 93.6% in March from 87.1% in February."
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