Year-over-year median price appreciation: -0.1 percent
Year-over-year inventory: -44.8 percent
Unemployment rate: 10.3 percent
The foreclosure epidemic flattened the market in 2007 and 2008, but like Miami, Orlando has made huge strides in rebalancing inventory with demand. Foreclosure filings are down 58 percent from September 2010, but up 42 percent over August. Nevertheless, interest in the area remains high. Searches for listings in the area lead the nation, according to Realtor.com, possibly a leading indicator for stronger demand going forward.