Miami scored its second-best month for single-family home sales in July. With 1,354 transactions last month, single-home sales in Miami-Dade County surged 10.2% year-over-year, according to a new report by the Miami Association of Realtors and the Multiple Listing Service system. June saw a record of 1,380 transactions. “South Florida’s improving job market and historic low mortgage rates are encouraging more end-users to buy property here,” said Christopher Zoller, 2015 residential president of the Miami association. Home prices also continued to grow in July, with a median sales price of $278,000. That represents an 8.6% growth from July 2014. Still, values remain at 2004 levels despite four years of annual increases, the report said. In comparison, the U.S. national median existing-home price for all housing types in July was $234,000, 5.6% up from the same month last year. Read the full report here. View the Miami listing on Mansion Global. Write to Andrea López Cruzado at andrea.lopez@dowjones.com Follow Mansion Global on Facebook, Twitter and Instagram Write to us at info@mansionglobal.com
Hot Summer for Home Sales in Miami
Transactions in July were up 10.2%
Home prices also went up in July. This single-family property with five bedrooms and six bathrooms is listed for almost $2,5 million.
ONE SOTHEBY'S INTERNATIONAL REALTYHome prices also went up in July. This single-family property with five bedrooms and six bathrooms is listed for almost $2,5 million.
ONE SOTHEBY'S INTERNATIONAL REALTY