South Florida home sales jump 9% as prices near record highs
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🏠 SOUTH FLORIDA: Single-family home sales jumped 9.1% in July, with 3,384 homes changing hands across the region.
🏢 CONDOS: Condo and townhouse sales increased 8%, reaching 2,958 transactions across the tri-county region.
🌴 MIAMI-DADE: Total home sales rose 8.6% year-over-year to 1,935 - 𝗧𝗛𝗘 𝗖𝗢𝗨𝗡𝗧𝗬’𝗦 𝟭𝟭𝗧𝗛 𝗖𝗢𝗡𝗦𝗘𝗖𝗨𝗧𝗜𝗩𝗘 𝗠𝗢𝗡𝗧𝗛 𝗢𝗙 𝗔𝗡𝗡𝗨𝗔𝗟 𝗦𝗔𝗟𝗘𝗦 𝗚𝗥𝗢𝗪𝗧𝗛. Single-family sales increased 5.6%, while condo sales jumped 11.4%.
💰 MIAMI PRICES: The median single-family home price increased 3.8% to $685,000, while the median condo price dipped 1.5% to $400,000.
🌊 BROWARD: Total home sales increased 2.6% year-over-year to 2,157, marking 𝗧𝗛𝗘 𝗖𝗢𝗨𝗡𝗧𝗬’𝗦 𝗙𝗜𝗙𝗧𝗛 𝗖𝗢𝗡𝗦𝗘𝗖𝗨𝗧𝗜𝗩𝗘 𝗠𝗢𝗡𝗧𝗛 𝗢𝗙 𝗔𝗡𝗡𝗨𝗔𝗟 𝗦𝗔𝗟𝗘𝗦 𝗚𝗥𝗢𝗪𝗧𝗛. Single-family sales rose 8%, although condo sales declined 2.8%.
💵 BROWARD PRICES: The median single-family home price increased 4.8% to $650,000, while the median condo price declined 3.8% to $255,000.