Saturday, May 24, 2014

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

 

By Martha Brannigan
mbrannigan@MiamiHerald.com

 <br />Broward existing home and condo prices rose in April from a year earlier.<br /><br /> <br />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

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