Miami Condo Sales Up 58% Year-Over-Year in September; Prices Rise

October 20, 2011

The Miami real estate recovery continues, according to a report released Wednesday by the National Association of Realtors.  September sales of existing condominiums in Miami rose 58 percent year-over-year while sales of existing single-family homes increased 46 percent in the same time period. Prices were also on the rise in September.  The average sales price for condominiums in Miami-Dade County increased 13 percent, from $187,185 in September 2010 to $211,455 last month while the average sales price for single-family homes increased 29.8 percent, from $264,602 in September 2010 to $343,497 in September 2011.