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10th Monthly Increase in Miami Home Sales
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Posted on 02/08/10 at 11:33am by Professor Mark J. Perry
"In December, 8,259 new and resale houses and condos closed escrow in the metro area encompassing Miami-Dade, Palm Beach and Broward counties. That was up 19.1% from November and up 41.3% from 5,846 in December 2008, according to MDA DataQuick (see chart above). December marked the tenth consecutive month in which the region's overall sales rose on a year-over-year basis.
The median price paid for all new and resale houses and condos sold in December was $155,000, the same as in November but down 22.5 percent from $200,000 in December 2008. It was the smallest year-over-year decline for the overall median sale price since the median fell 22.2%, to $210,000, in November 2008."
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