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Miami Luxury Home Sales Continue to Rise in June

July 24, 2018 / Michael Gerrity

According to a new report by the Miami Association of Realtors, Miami-Dade County luxury real estate sales continue to increase while lower price points experience strong demand and limited supply, resulting in price increases countywide. Total Miami luxury sales ($1 million-and-above) increased 21.5 percent from 181 to 220 in June 2018. Condo luxury sales led the surge by posting a 28.0 percent jump to 96 transactions. Condo and single-family $1 million-and-above transactions have each now increased year-over-year in six of the last seven months.