In comparison to last year, single-family home sales increased by 48 percent, much higher than the state-wide increase of 28 percent. The high sales numbers could be due partly (or wholly) to the 29 percent price decrease in Orlando homes… still higher than the state-wide’s 22 percent decrease.

There is even a significant reduction in the median home price in Orlando which is now $144,200. The state’s median price is for metro-area homes is $147,400, and Orlando has rarely dipped below the state median in the past four years. The explanation is most likely due to short-sales and foreclosures, as Orlando still tops the list of cities with the heavy distressed home sales.

Condos are also following the same pattern as Orlando homes, with median prices at $49,000, they are way below the state’s average of $107,000. In addition, they are the lowest in the entire state of Florida.

With the $8,000 tax credit, first-time home buyers have also flooded the market and realtors are insisting that the extension of the credit beyond the November 30th deadline is imperative. Because of the sheer amount of distressed and foreclosed homes, the median price (for the state and Orlando) is being driven down. In order for home prices to begin stabilizing, the open inventory needs to clear out, which is why the buying flurry associated with the tax credit could help if it is extended.

Florida is often considered to be the heaven for the real estate agents. Well, if you have paid any visit to this state, you would understand why. Now, if you are also looking to invest in the real estate market of Florida, Orlando would be the right place to do that. In fact, the real estate market is growing exponentially in Orlando. This is one reason why the vacation homes in Orlando are becoming more affordable there.

There are different factors that are working behind such an immense boom in the Orlando real estate. The first reason is obviously tourism. There are plenty of tourist hot spots in Orlando. As America’s leading spot for entertainment, Orlando has the world famous Universal Studio and the Disney World that alone pulls millions of visitors across the globe. Apart from them, there are numerous theme parks, street shows, dolphins and innumerable types of entertainment. Naturally, the tourists flock in there throughout the year.

Now, the Orlando homes too, are doing the best to accommodate the vacationers there are plenty of homes available there both for sale and for rent. Apart from homes, apartments, townhouses and other types of accommodations are available as well. Most of them have advanced facilities such as washers, stoves, dryers etc. within them. In short these houses are ideal to make your stay in Orlando a memorable one.

However, the real estate market in Orlando is growing at a steady arte and will grow likewise in the future. The main reason again is the tourism. In fact, new tourist spots are coming up every year, pulling more crowds to Orlando. Along with the development of tourism, Orlando has also become financially strong and economically promising. In fact, Orlando has market that is growing even in the recession and there is no reason to think that the growth will stop in the future. Added to all these great facilities, there is a great nightlife that Orlando has to offer.

There is still another factor that has made Orlando a great place for investment. The real estate in Orlando has been a recent phenomenon. As a result, there are still opportunities for the investors. So, you must be looking for an investment in Orlando. However, to make it prudent, it is important that you have all the details regarding the place.

This is why it is important to visit the website of the Orlando real estate agents. This is operated by some of the top notch realtors in Orlando. They know the place like the palm of their hands. Naturally, you will get all the crucial information from them. This can very crucial in deciding the place to live. They will inform you about the availability of facilities. You will get updated Orlando listings and what’s more, you will get the best deal thanks to their connections.