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In Miami-Dade, annual prices for houses are up by roughly 6% to $568,000 for houses and rose 5% on condos to $395,000. It’s a similar pricing situation in Broward.
Miami-Dade had a total of 2,051 deals, down 13.2%, and Broward had 2,206 deals, down 18.9%. Growing pains for condos The month-to-month drops in condo prices are just the beginning.
Single-family houses last month came with a median price tag of $570,000, down 2% from $579,000 in June, according to a monthly housing report released Thursday by the Miami Association of Realtors.
Median sales prices grew to $615,000 for a house and $420,000 for a condo in Miami-Dade County in November, up from $550,000 and $395,000, respectively, a year ago, according to the latest Miami ...
South Florida saw annual sales fall over 25% since 2023. ... Sales fell annually across all price points in Miami-Dade, including those priced below $200,000 and those priced over $5 million ...
Miami-Dade reported a median sales price of $579,000 for single-family homes last month, a jump from $500,000 a year ago, and $410,000 for condominiums, up from $340,000 in June 2021.
Homeowners are trimming prices to revive buyer interest, which has dropped off amid record price highs and elevated mortgage rates. The median home price fell 1.3% year-over-year, hitting $429,990.
The median sales price for condos in Miami-Dade was $420,000, up from $415,000 in September 2023. In Broward, the median sales price was $366,978, up from $270,000.