Real estate in Miami: The facts

Despite all the negative articles and doomsday predictions that have started to circulate around South Florida, the latest report by the MIAMI Association of REALTORS® (MIAMI) shows a different picture with a steady increase of median prices and dollar volume year-over-year in January for single-family home sales in Miami-Dade county, with single-family home sales rising 4.4 percent, while Median sale prices ($310,000) and dollar volume ($397 million) expanded 14.8 percent and 7.1 percent, respectively in January 2017. The Miami single-family homes market is coming off a 2016 in which it posted the third-most annual sales in county history. Sales for mid-market Miami single-family homes, or properties with a value between $200K and $600K increased 22.5 percent in January, from 476 […]