Orlando Real Estate Market Update - March 2012

Home inventory has decreased 30% compared to this time last year. Home inventory in Central Florida has drastically decreased by 65.5% since spring of 2007. While conventional home sales made up 40.48% of the market in March, 33% of sales were short sales, and 26.51% were foreclosure sales.  The overall median home price climbed yet again, to $115,000. A 12% increase since March 2011.