Orlando-area home-resale prices have risen more in the past 12 months than they would typically increase during five years of steady appreciation.
Existing-home prices in the core Orlando market during May hit a median of $148,000 — up 23 percent from a year ago and up 3.1 percent from just a month earlier, according to a report released Monday by the Orlando Regional Realtors Association.
Perhaps more remarkably, prices have increased 37 percent since the start of last year.