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
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