Orlando Home Sales

The Orlando area's existing home inventory continued to build in January, but sales and the median price continued to rise as the market settles into "a very comfortable stride," the Orlando Regional Realtor Association reported today. Sales of existing homes in metro Orlando rose to 2,318 in January, up 6.2 percent from the same month a year ago, the Realtor association said. Reflecting the cooling market is the rising inventory, though, as the 12,015 existing homes for sale in January in the core Orlando area was nearly four times greater than in January 2005. Courtsey of Orlando Sentinel 2/20/06.