In July, the median sales price for homes sold in Miami-Dade was $631,670. That is a new record, and an increase of 10.8% compared to July 2022. Condos and townhomes are on a similar streak as well.
Miami and Tampa trailed only Phoenix in home-price increases in 20 metro areas measured by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. CLICK ON THE HEADLINE FOR MORE
A total of 74 buyers spent more than a half million dollars over the listing price for a house in April, May and June, compared with 18 who did so in the first quarter of 2021, according to a recently published Zillow study. CLICK ON THE HEADLINE FOR MORE
Miami’s residential transactions jumped by 78% over the last year.
Evidence is emerging that sellers who have hibernated for months are ready to list their house. Over the next six months, enough of them are expected to add to the thinning number of homes for sale that buyers could have broader choices, according to analysts, brokers and home search sites. CLICK ON THE HEADLINE FOR MORE
The total number of home sales was up more than 12% in September 2020 over September 2019 sales in both Miami-Dade County and Broward, according to the Miami Association of Realtors. That follows a similar increase in August — welcome relief after the four-month decline in previous months.
Sales activity has increased in the third quarter with luxury buyers coming from Boston, Chicago, Connecticut, Long Island and New York. CLICK ON THE HEADLINE FOR MORE
