Miami home prices reached a higher mark than in the rest of the United States in the second quarter of this year. According to a report by the Miami Association of Realtors and the local Multiple Listing Service systems, the median price for a single-family house in Miami rose to $271,000 in the second quarter of 2015, a 10.6% increase from the same period a year ago. Miami-Dade County has now experienced price growth for 14 consecutive quarters. In comparison, the National Association Realtors found in a report released today that the median price for a single-family house in the U.S. was $229,400 in the second quarter of this year, up 8.2% from the same period in 2014. Statewide, the median sales price in Florida was $200,000, up 11.1%, according to Florida Realtors. More: Short Supply Pushes Home Prices Higher “Home buyer and seller confidence in the Miami real estate market continues to result in more single-family home sales,” said Christopher Zoller, 2015 Residential President of the Miami association. Single-family home transactions in Miami hit 3,913 in the second quarter, a 7.2% year-over-year rise. Overall, residential sales, including condominiums, totaled 8,139 units, a 2.2% growth from the second quarter of 2014. View the Miami listing on Mansion Global. Follow Mansion Global on Facebook, Twitter and Instagram Write to us at info@mansionglobal.com
Miami Price Growth Outpaces U.S.
The median price for a single-family house in the city increased 10.6% in the second quarter; nationwide the growth was of 8.2%
Prices in Miami-Dade County have gone up for 14 consecutive quarters. This estate in Miami, with eight bedrooms and nine and a half bathrooms, is listed for almost $5 million.
ONE SOTHEBY'S INTERNATIONAL REALTYPrices in Miami-Dade County have gone up for 14 consecutive quarters. This estate in Miami, with eight bedrooms and nine and a half bathrooms, is listed for almost $5 million.
ONE SOTHEBY'S INTERNATIONAL REALTY