Miami real estate sales, particularly for single-family homes, continue to reflect strong demand compared to record sales activity over the last three years, according to the 30,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system.
In June, residential real estate sales in Miami-Dade County increased 2.0 percent to 2,723 compared to 2,669 in June of last year. Single-family home sales increased 9.5 percent relative to June 2013, from 1,169 to 1,280. Compared to June 2013, condominium sales declined 3.8 percent from 1,500 the previous year to 1,443 last month.
"We continue to see strong sales activity in Miami compared to the three previous record sales years," said 2014 Chairman of the Board of the MIAMI Association of REALTORS Liza Mendez. "Activity is mostly declining for transactions in the lowest price points and for short sales. Increased inventory is generating more moderate price growth."
Median Sale Prices Continue to Rise
Median sale prices again increased for both single-family homes and condominiums in June. Prices remain at affordable 2004 levels despite Continued >>> Miami Home Sales Remain Strong Compared to Record Levels; Prices Continue to Increase at More Moderate Pace - Press Release - Digital Journal
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