According to the Orlando Regional Realtor Association (Website) the number of home sale transactions saw a 25 percent increase last month compared to the same time last year.
The median price for homes during March was the highest since October 2008 ($177,500 vs. $160,000), and the number of sales was the highest since June 2010.
ORRA president attributes the rise in sales to the current low interest rate, increases in available inventory and a healthy local economy.
Homes of all types spent an average of 79 days on the market and sold for 97.27 percent of their listing price.
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