Miami home sales have increased since last year. Property values have gone down, yes, but the number of sales are up. This, in my opinion, is due to the fact that the prices are too good to pass up and home buyers are realizing that. Add to that the fact that mortgage rates are at an all time low and you have a win-win situation.
The above chart shows the upward trend in home sales in Miami-Dade County. The numbers reflect single family homes only. Condos and townhomes were not included.
Maggie Dokic is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines and the Redland.
For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.
The opinions expressed herein, are those of the author, and not necessarily of EWM Realtors.
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A Florida Real Estate Broker specializing in residential properties in Pinecrest, Palmetto Bay, The Falls, Killian, High Pines, South Miami & the Ponce-Davis area. Hablo Español.
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