Orlando's median home hits $261,300

Orlando's median home hits $261,300 - OrlandoSentinel.com:

Orlando was the second-hottest market in the country for existing-home sales during the third quarter. The median price of a single-family home soared to $261,300, a jump of nearly 45 percent from a year earlier, a national trade group reported Tuesday.

Orlando's median price in the third quarter was up from $180,500 a year earlier. Nationally, the third-quarter median was $215,900, and the 14.7 percent year-over-year gain was the second-greatest on record for the Realtors association, a spokesman for the trade group said.