Orlando Grows More Affordable!

Orlando’s affordability index improves as median price drops

(October 10, 2007 – Orlando, FL) A drop in the median home price to $235,000 for the month of September means that the area’s affordability index has improved by more than seven percentage points to 92.40 percent, according to the monthly housing report released by the Orlando Regional Realtor® Association. (An affordability index of 92.40 percent means that buyers earning the state-reported median income are 7.60 percent short of the income necessary to purchase a median-priced home.) Buyers who earn the median income of $51,104 can qualify to purchase one of 6,163 homes in Orange and Seminole counties currently listed in the local multiple listing service (MLS) for $217,140 or less.