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Miami Condominium Prices Rise Consecutively Last 13 Months

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Miami home prices rose again in July, marking eight consecutive months of appreciation, according to the a 25,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system. The median sales price of condominiums, which has increased each of the last 13 months, in Miami-Dade County increased 15.2 percent to $135,905 compared to a year earlier. The median sales price of single-family homes rose 2.8 percent to $185,000. Year-to-date the median sales prices of single-family homes and condominiums have increased 12.1 percent and 35.4 percent respectively. read more →