South Florida home sales bounced upward in August, with the Miami-Dade condo market seeing the largest year-over-year gains, according to a report released Wednesday by the Florida Association of Realtors.
There were 1,311 existing condo sales in Miami-Dade in August, up 51 percent from the same month last year and up 18 percent from July. Sales surged in the single-family market as well, as 951 homes traded hands, up 49 percent from last year and up 9 percent from July.
In Broward, year-over-year condo sales rose 21 percent to 1,398 and single-family sales were up 19 percent to 1,185.
Median prices also showed positive signs.
Prices for Miami-Dade condos jumped 13 percent to $118,800, while single-family prices dipped 1 percent to $180,900. In Broward, median prices rose 6 percent to $79,500 for condos, and were up 5 percent to $191,800 for single-family homes.
There were 1,311 existing condo sales in Miami-Dade in August, up 51 percent from the same month last year and up 18 percent from July. Sales surged in the single-family market as well, as 951 homes traded hands, up 49 percent from last year and up 9 percent from July.
In Broward, year-over-year condo sales rose 21 percent to 1,398 and single-family sales were up 19 percent to 1,185.
Median prices also showed positive signs.
Prices for Miami-Dade condos jumped 13 percent to $118,800, while single-family prices dipped 1 percent to $180,900. In Broward, median prices rose 6 percent to $79,500 for condos, and were up 5 percent to $191,800 for single-family homes.
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