Orlando Market Pulse | from OBJ.

The Orlando market continued to see the number of home sales jump while values declined in January, said a report by the Florida Realtors.

Florida Realtors sold 1,745 existing single-family homes last month, up nearly 55 percent from 1,127 sold in January 2009. But the median home value in January fell nearly 18 percent, from $150,500 in 2009 to $123,500 this year.

Orlando-area condo resales were nearly three times higher year-over-year, from 171 in January 2009 to 538 last month. The median condo value dropped to $49,700, a 20 percent decline from January 2009’s $62,200.

The national median sales price for existing single-family homes in December 2009 was $177,500, up 1.4 percent from a year earlier, reported the National Association of Realtors.

The Orlando metropolitan statistical area was one of 16 in the state that reported higher existing home sales in January, while all MSAs had higher condo sales, the Florida Realtors reported. Most of the state’s MSAs have reported sales increases for 19 consecutive months.