The midpoint for Orlando condominium prices last month remained below $50,000 and was 40 percent below the statewide median price, according to a report released this week by Florida Realtors.
Condo prices in Central Florida have been depressed for more than a year, with the metro area’s median price in September down 5 percent to $49,900 compared with a year earlier. Across the state, the median condominium price in September was $83,400, down 18 percent from a year ago.
Among Florida metropolitan areas, only Lakeland had condos cheaper than Orlando’s last month, with a median price of $40,000.
via Orlando condos among cheapest in state [Central Florida].