Orlando homes sell at rate shy of record [Central Florida]
The area still saw its 2nd-best year, with more transactions in 2006 than in ’04.
Orlando’s hot housing market lost much of its spark in the second half of 2006, though the year still wound up as the second-best on record for local existing-home sales.
The Orlando Regional Realtor Association reported Wednesday that 27,378 homes were sold last year through its members in the core Orlando market, down from the record 31,230 sold in 2005 but ahead of the 26,088 transactions in 2004.
Even as sales fell last year compared with 2005 — they were down more than 12 percent — the median price of the homes sold in 2006 continued to rise: The December median — half the homes sold for less, half for more — was up 4.2 percent to $250,000 compared with December a year ago.