So what does $250,000 get you these days? [Central Florida]
The median resale price of a home in Central Florida has hovered at a quarter of a million dollars for almost a year.
A cool quarter of a million dollars. Two hundred and fifty grand. That’s roughly what it takes to buy a typical used home in Central Florida these days.
Existing-home sales soared to record heights in 2004-05, taking prices with them: The median resale price of a home in the Orlando area rose more than 60 percent in those two years alone, according to data gathered by the Orlando Regional Realtor Association.
But since then, the local median — the price at which half the homes sold for less and half sold for more — has been stuck in neutral: For nearly a year now, the median has been exactly $250,000 or within a few thousand dollars of that amount in the Realtors’ core Orlando market, which consists mainly of Orange and Seminole counties but includes some sales in surrounding counties.