Miami Real Estate Rises in Third-Quarter

by Isaac Benmergui, Esq on November 29, 2012

Miami’s rebounding real estate market showed no signs of slowing down in the third quarter.  The median sales price for a single-family home in Miami-Dade was up 5.06 percent in the third quarter 2012 compared to the same time frame from a year ago. Quarter by quarter, prices were up 2.2 percent. Condominium prices fared even better with a gain of 28 percent year-over-year.

The number of sales rose too, by 0.61 percent annually on existing single-family homes and condos. Despite the very low numbers inventory wise, people are still managing to find available existing homes as the figures do not take into account new construction.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

 

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