Florida Villas in Orlando Metro area post slight gains in a nationwide downtrend

A survey whose results were posted Wednesday by Zillow showed that home values in the Orlando Metro area showed a 6% year over year increase. The four counties that make up the Orlando Metro area showed year over year gains in the first quarter but Osceola and Lake counties showed small increases in Q4 of last year.

Reported in the Orlando Sentinel:

"According to the Zillow index, or "Zindex," Lake County’s median home value — half were higher and half lower — was $208,047, up 17.06 percent for the year and 2.52 percent from the last quarter of 2006."

Realtors say that homes are selling but just a bit slower than previously. The high double digit gains are a thing of the past the market is now set on a period of slow steady growth.

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