From Miami Today: June 24, 2010
"May condo sales in Miami-Dade rose 70% and single family homes 22% in comparison to the same period last year, according to a report release Tuesday. Sales in the local housing market have increased each of the past 22 months, a sign of stabilization for South Florida's badly-hit housing market. Statewide, sales increased 40% for condos and 18% for homes in May, both below Miami-Dade's growth figures, said the Realtor Association of Greater Miami and the Beaches and the Southeast Florida Multiple Listing Service. "The median sales price for single-family homes has risen for two consecutive months and average sales prices for both condominium and single-family homes have risen over the last few months, another sign that cements the local market's strengthening," said Terri Bersach, the realtor association's chair. The median sales price for homes ascended 1% to $196,700, while the median sales price for condos fell 3% to $126,100 last month. With more sales closing, residential inventory has dropped 19.3% from 30,361 to 24,721 since May 2009, the report says. And the number of days a property stays on the market fell 7.4% for homes, though it climbed 2.4% for condos."
Kelly Charles,
Realtor 786 469 9594 begin_of_the_skype_highlighting 786 469 9594 end_of_the_skype_highlighting
www.kellycharles.com
Monday, June 28, 2010
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