FL: Orlando Area Home Sales, Prices Down in January

Orlando Gay Real EstateMedian prices of existing homes in Orange and Seminole Counties dropped 9 percent from December to January, a month of mixed indicators for a recovering housing market.

The midpoint price of a house that sold during January was $108,000, down from $119,000 a month earlier, according to a report released Thursday by the Orlando Regional Realtor Association. The chairman of the group, Stephen Baker, broker with Re/Max Central Realty, said the local area has experienced a monthly price drop during January for the last five years.

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