Orlando prices shoot up more than a fifth

Orlando’s property market is surging as prices jumped by 20% since January.

Figures from the Orlando Regional Realtor Association (ORRA) show that residential property value has gone up by 21.2% in the first six months of the year.

This is backed up by a 15.1% increase in the area over the last 12 months.

ORRA’s report also indicated that the number of foreclosures and short sales is shrinking, with the metro area’s median price for August being $115,000.

Source: OPP.org.uk