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Wednesday, June 28, 2006
Orlando Real Estate Market Remains Strong
Compared to the rest of Florida, Orlando real estate market remains strong with median price of homes at $267K which is a 22% increase from last year. Statewide sales slowed down by 24% while Orlando down by 21%. Orlando sales down 12.2%. Condo sales fell 31% statewide, but Metro Orlando condo sales are up 10%. Median price of Orlando condo is $163,300 compared statewide at $220,000. Nationally home sales have declined but new home sales rose 4.5%. Other areas that remain flat are Fort Lauderdale, Fort Myers-Cape Coral, Sarasota-Bradenton, and Naples. Courtesy of Orlando Sentinel 6/28/06.
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