February 25, 2014
Existing condo and single-family home sales increased in Miami-Dade County in January. Existing condo sales jumped 12.9 percent and existing single-family home sales increased 9.8 percent, compared to January 2013.
The median price of a condo in Miami rose 20 percent on a year-over-over basis, and the median price of a single-family home increased 16 percent in the same time period.
For buyers, the inventory of condos and single-family homes in Miami-Dade increased. The number of condos available for resale rose 27.5 percent, compared to January 2013. The condo inventory was up 4.2 percent, compared to December 2013. The number of single-family homes available for purchase was up 17.1 percent, compared to January of last year.
For more information on homes and condos for sale in Miami, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500 immediately!
Source: Miami Herald
