Double Digit Gains in Median Prices and Sales in Dade and Broward County

Real Estate Blog Article

Thursday, May 23, 2013
Tags:   Miami Beach Homes, Sunset Island Homes
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The Miami Association of Realtors and the Greater Fort Lauderdale Realtor Association have released the April sales numbers and they are all double digits ahead of last year. We have consistently reported that the market is contricted in Miami, with supply well below a healthy 6 month supply, but the most recent numbers confirm not only the limited supply, but the incredible demand, that shows no sign of slowing. Home prices are rising at incredible rates due to the simple lack of inventory and homes are receiving multiple offers as soon as they are listed, often buyers enter into bidding wars. This is truly a wonderful time to sell your condo or home in Miami Dade or Broward county and the numbers below prove it. If you have property and have considered selling, contact us today for a complimentary comparative market analysis and listing presentation.

  • Median Home Price for Single Family Homes in Miami Dade County: Up 23.7%
  • Median Condo Price in Miami Dade: Up 17.1%
  • April sales from 2012-2013 for Single Family Homes in Miami Dade: Up 15.2%
  • Homes listed for sale from 2012-2013: Down 6.9%
  • April sales from 2012-2013 for Condos: UP 18.7%
  • Median  Price for Single Family Homes in Broward County: Up 22%
  • Median Price for Condos in Broward County: Up 24%
  • April Sales of Single Family Homes in Broward County: Up 11.1%
  • April Sales of Condos in Broward County: Up5.8%
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