Miami Enjoys $3.6 Billion of Residential Property Sales in Q2
Miami Association of Realtors | August 12, 2019
According to the Miami Association of Realtors, Miami-Dade County existing home sales and median sale prices increased year-over-year in 2Q 2019. Total Miami sales increased 0.6%, from 7,717 to 7,861. Single-family home sales increased 1.8%, from 3,784 to 3,854, year-over-year in 2Q 2019. Existing condo sales declined a negligible 0.6% year-over-year, decreasing from 4,033 to 4,007. Lack of FHA financing for condos in Florida and insufficient supply in some price points continue to negatively impact local housing sales activity.