Median price dips to $250,300 in Orlando
Jerry W. Jackson | Sentinel
Staff Writer
Posted May 26, 2007
Existing-home sales in Florida and across the nation continued to fall in April,
and industry analysts said the subprime-mortgage market meltdown could foreshadow
further weakness.
Florida’s home sales plunged 26 percent to 12,016, and the median sales price
slipped 3 percent from the same time a year ago to $237,800, the Florida Association
of Realtors reported Friday.
Metro Orlando sales were off 35 percent and the median price dipped 5 percent
to $250,300. Condo sales for the four-county region plummeted 57 percent to
207, and the median price slipped 7 percent to $166,100.
Statewide, condo
sales were off 19 percent. But the median sales price showed some firming,
rising 3 percent to $215,500.
Nationally, existing-home
sales in April fell 2.6 percent from March to a seasonally adjusted annual
rate of 5.99 million, the National Association of Realtors said in a separate
report. That was a 10.7 percent drop from April 2006.
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http://www.orlandosentinel.com/business/orl-homesales2607may26,0,2465141.story?coll=orl-business-headlines
