July 1, 2014
The Miami real estate market continued to show strength in May. The median sales price of both existing single-family homes and condos increased, and demand remained strong.
In May, the median sales price for single-family homes increased 12.6 percent year-over-year, marking the 30th consecutive month of price gains. The median sales price for condominiums in Miami rose 3.6 percent, the 35th consecutive month of condo price increases.
May data shows that real estate in Miami continues to sell quickly and at near asking price. New listings are also slowly increasing, as sellers regain confidence in the invigorated market.
To purchase or list a home for sale, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: World Property Channel
