Miami Existing Home Sales Up, Median Price Down, in March

posted on April 24th, 2010 filed under: Real Estate Market Data

Miami Real Estate Photos -- Biscayne Bay 3

According to the Florida Association of Realtors, 649 existing single-family homes sold in the Miami metro area last month.  Sales were:

  • Up 46% from the 445 homes sold in Miami the month before (Feb. 2010), which is partly attributable to the normal pick-up in spring activity, probably boosted by the upcoming expiration of the $8,000 homebuyer tax credit, and perhaps reflective of an improving sense among buyers that the risk of buying real estate in Miami, Coral Gables and the surrounding area has diminished.
  • Up 17% from the 556 sold in March 2009, and much higher than the 445 sold in February 2010.

The median price was $197,500, which is:

  • Up from the prior month’s level of $191,100 (Feb. 2010)
  • Down from the year-before level of $205,600 (March ’09)
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posted by // This entry was posted on Saturday, April 24th, 2010 at 7:36 am and is filed under Real Estate Market Data. You can follow any responses to this entry through the RSS 2.0 feed.

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