60 Percent of all Miami Residential Sales in Cash - WORLD PROPERTY CHANNEL Global News Center

 

According to the Miami Association of Realtors, the Miami real estate market continued to stabilize in April 2014, as prices increased by more narrow margins and active inventory rose while demand remained strong.
Median sale prices in Miami increased for both single-family homes and condominiums in April.  The median sale price for single-family homes increased 8.0 percent, up to $243,000 from $225,000 in April 2013, marking 29 straight months of growth. The average sale price for single-family homes increased 11.3 percent from $421,207 in April 2013 to $469,088 last month.

Continued at> 60 Percent of all Miami Residential Sales in Cash - WORLD PROPERTY CHANNEL Global News Center

Miami Real Estate Affordable despite Rising Prices - Press Release - Digital Journal

 

An analysis of prices in Miami-Dade County year-to-date reveals that 58 percent of residential properties are selling for less than $250,000 despite rising prices, according to the 30,000-member Miami Association of Realtors.

While record real estate sales activity in Miami-Dade has fueled double-digit price increases for nearly three years, median sale prices are what they were in 2003. The price growth – Continued > Miami Real Estate Affordable despite Rising Prices - Press Release - Digital Journal

South Florida existing home prices rose in April, despite slowing sales momentum

 

By Martha Brannigan
mbrannigan@MiamiHerald.com

South Florida homes continue to get pricier, but slowing sales momentum is signaling that buyers are balking at sellers’ lofty expectations as their choices widen.

The median price of an existing single-family home in Miami-Dade County rose 8 percent to $243,000 in April from a year earlier and was up 3.3 percent from March, according to the Miami Association of Realtors. The median condo price rose 10.3 percent to $193,000 from a year earlier, but - Continued at> South Florida existing home prices rose in April, despite slowing sales momentum - Business - MiamiHerald.com

US home sales rose 1.3 percent in April

 

WASHINGTON (AP) -- Sales of existing U.S. homes rebounded slightly in April, but the pace of buying remained below last year's level.

The National Association of Realtors said Thursday that sales rose 1.3 percent from March to a seasonally adjusted annual rate of 4.65 million. Purchases of homes over the past 12 months have dropped 6.8 percent.

Much of the gains were concentrated in the volatile condominium market, which experienced growth of 7.3 percent. Sales of single-family homes were up just 0.5 percent last month.

Nearly five years into the recovery from the Great Recession, Continued >  US home sales rose 1.3 percent in April - Yahoo Finance UK