Existing-home prices in the core Orlando market rose more than 10 percent last year, as the area ended 2012 with the tightest inventory of houses available for sale since 2004, according to figures released Tuesday.
The preliminary median home price for December was $131,800 — up 10.8 percent from $119,000 in December 2011, according to the Orlando Regional Realtor Association’s year-end report.
– Mary Shanklin, Orlando Sentinel >> Read the rest of the article here
“This is what happened in 2012. Find a house in your favorite neighborhood and act now or be prepared to add another 10% this time next year. Add that to an additional year of rent. Now is the time!” – Paul McGarigal, Real Estate Coach Orlando
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