March 3, 2017 Real Estate News

Miami Single-Family Homes Continue Strong Performance

MIAMI — Miami-Dade County single-family home sales, median prices and dollar volume increased year-over-year in January, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.

Led by a significant surge in traditional sales and transactions for properties listed from $200,000 to $600,000, Miami single-family home sales rose 4.4 percent last month. Median sale prices ($310,000) and dollar volume ($397 million) expanded 14.8 percent and 7.1 percent, respectively.

“Miami real estate opened 2017 with strong sales for single-family homes,” said Christopher Zoller, the 2017 MIAMI chairman of the board. “Now that the uncertainty of the election is over, home buyers are coming off the sidelines. There is high demand for homes priced from $200K to $600K. As reflected in our January statistics, we are also seeing Miami single-family home sales for properties from $600K to $1 million showing strong gains.”

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