Prices May Slow as the Number of Orlando Homes Increases

The median price of existing Orlando homes has reached $247,900, a 45 percent increase since 2004.

Area realtors don´t believe that the market can continue at the same pace for long. The rapid increase in the price of Orlando homes is due primarily to over-demand and under-supply. However, toward the end of August, local realtors began to see the number of Orlando homes listed increase.

"If this trend continues, it will be good for the market. It will bring the market into equilibrium," says one realtor.

Even as prices increase, the number of Orlando homes that are selling has remained relatively stable. However, if the market doesn´t level out, many locals may find themselves unable to afford Orlando homes, leaving the market wide open to outside buyers like Maggie Van Pelt, a New Jersey native, who says Orlando homes are an excellent buy when compared to those in her home state.