Zillow Sells Off $25M Of Orlando Homes

 

 

Zillow Sells Off $25M+ Of Orlando Homes

 

Zillow sells off $25M+ worth of Orlando homes to investors following iBuying business exit. Zillow Group Inc. has sold at least 441 homes in Central Florida's Lake, Orange, Osceola and Seminole counties, according to property appraiser data. One of the biggest local transactions by Zillow since it exited the iBuying business was the Feb. 10 sale of 33 Orlando homes to Progress Residential for $12.6 million, according to an Orange County deed. It’s likely that the homes offloaded by Zillow will be targets for investors in the region looking to turn homes into rentals. The local residential real estate sector slowed from December to January, but it’s still a hot seller’s market. The median sales price sank 1.4% from $340,000 in December to $335,000 in January.