Last month, Central Florida experienced a double-digit increase in home values, according to a recent report by the Orlando Regional Realtor Association. In addition, the rising interest rates and current market conditions are encouraging Orlando homebuyers to take action, causing a 15.63% increase in sales in May.

Last month, the median price of Orlando homes sold was $148,000, which is 23.33% higher than May of last year and 2.99% higher than April 2013. The median price of homes in Orlando has risen by 37% since January 2012, when the median price was $108,000.

“We’re seeing more and more homeowners who realize that now is an extremely opportunistic time to sell, and sell fast,” said Steve Merchant, Orlando Regional Realtor Association Chairman and broker-owner of Global Realty International.

Interestingly, in addition to the overall median home price in May rising, each individual type of home sale also experienced an increase in price when comparing year-over-year. This May, foreclosure prices in Orlando were 18.07% higher, short sales were 14% higher and normal home sales were 12.5% higher than last May.

If you’re interested in selling your Orlando home so that you can take advantage of the current housing market conditions, contact Real Estate Closing Solutions. We provide the best, most reliable title and closing services in the industry, as well as referrals for Realtors, lenders and builders in the area. With two convenient locations in Orlando – Dr. Phillips and Downtown Orlando – we are positioned to provide our clients with all the resources they need when selling their home. Call us at 407-615-8550 today or stop by our office for more information.