On holiday: Price cuts steer Miami-Dade homebuying deals

Most of South Florida’s luxury buyers went into holiday hibernation last week, but homebuying transactions trickled through.  Buyers signed eight contracts in Miami-Dade County between Dec. 22 and Dec. 28, according to the latest report from Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week totaled $54.4 million in asking dollar volume and averaged 118 days on the market. The previous week, buyers signed 19 contracts totaling $305 million in asking dollar volume, led by a pending deal for a waterfront Coconut Grove estate asking $115 million.  The report tracks signed contracts for single-family homes and condos included […]This article originally appeared on The Real Deal. Click here to read the full story.