Average Home Price in Orlando increased comparing to last year. The overall median home price Orlando sold in January, considering all types of homes for sale in Orlando, is $245,000. That represents a 7.9% jump from January 2019 median home price of $227,000. Comparing to December 2019, the average price dropped 1,6%, when the price was $249,000.

The median price for single-family homes that changed hands in January increased 6.9% over January 2019 and is now $265,000. The median price for condos increased 11.2% to $139,000.

Average Home Price in Orlando Florida

Average Home prices in Orlando and housing affordability

The Orlando housing affordability index for January is 140.36, up from 135.73% last month. (An affordability index of 99% means that buyers earning the state-reported median income are 1% short of the income necessary to purchase a median-priced home. Conversely, an affordability index that is over 100 means that median-income earners make more than is necessary to qualify for a median-priced home.)

The first-time homebuyers affordability index increased to 99.81% from 96.52% last month.

Orginal Article: https://www.worldpropertyjournal.com/real-estate-news/united-states/orlando-real-estate-news/real-estate-news-orlando-regional-realtor-association-orlando-housing-market-data-orra-january-2020-housing-data-11823.php

About AMG Realty

AMG International Realty is a boutique brokerage firm located in Aventura, FL with branches in Orlando and New York. We specialize in luxury residential real estate in Southeast Florida.

After a long and successful career for more than 15 years in some of the most prominent brokerages, Heloisa Arazi, co-founder and broker of AMG International Realty, believed that the traditional real estate model was broken. The major players worked more focused on quantity and production rather than a personalized service. That was the main reason she decided to build a company based on providing her clients with a very personal experience that keeps them a client for life, and gives them the trust and confidence to refer friends and family to AMG Realty for all their real estate needs.

Call now and talk to one of our experienced agents regarding Orlando Real Estate.

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