Central Florida Among Hot Spots
Metro Orlando home prices outpaced those statewide during October — with prices rising even more for areas bordering the four-county area, according to Florida Realtors.
The midpoint home-sale price last month for Orange, Seminole, Osceola and Lake counties was $226,950, which was up 14% from a year earlier. Prices statewide increased 12% during that time.
Florida's greatest price growth for that period took place in Volusia County, where the median price of $182,500 reflected an increase of 22%.
Median prices in the Villages reached $225,000 in October, up 34% but sales volume was only 65 sales.
Like the state as a whole, sales were down in Central Florida.
The four-county area had 2,502 sales in October, which was down 6% for the year. Real estate professionals point to a lack of inventory.
Elsewhere last month, Brevard prices were up 17% to $190,000 and Polk County prices increased 13% to $167,750.