Miami Enjoys Both Condo, Home Sales Spikes in September

Based on new data by the Miami Association of Realtors, Miami-Dade County single-family home sales, condo sales, median prices, dollar volume and luxury transactions all increased year-over-year in September 2019. Miami single-family home and condo sales jumped by double digits. Single-family home sales increased 10.4% year-over-year, from 978 to 1,080. Condo sales increased 11.4% year-over-year, from 1,041 to 1,160. "New tax laws and low mortgage rates continue fueling Miami real estate," MIAMI Chairman of the Board José María Serrano said. "High earners from tax-burdened states are relocating to Miami, but not just because of monetary savings. Miami is home to one of the nation's fastest-growing downtowns, the world-renowned Art Basel Miami, a global reputation for fine art and design and the most cultural institutions in the Southeast."