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Orlando: Home prices edge up

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Home prices edged up slightly in the core Orlando area from November to December, but the market showed other signs of softening, according to a report released Monday.

The median price for a house that sold in an area that includes mostly Orange and Seminole counties during November was $155,000, up from $154,000 the previous month. Prices continue to be up more than 20 percent from a year ago, according to a report by Orlando Regional Realtor Association.

Even though prices are up, sales activity was down and the inventory of unsold houses continued to mount for the fourth straight month.

For more on this story visit: Mary Shanklin, Orlando Sentinel

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