Slowdown continues: South Florida resi sales, dollar volume drop in August
Residential sales and dollar volume dropped in South Florida in August, as the market continues to soften. Dollar volume in Miami-Dade, Broward and Palm Beach counties fell 4 percent to $4.3 billion, down from $4.5 billion last August, according to Multiple Listing Service data collected by the Miami Association of Realtors. Despite the drop in sales, single-family homes across the tri-county region saw price growth. Miami-Dade County In Miami-Dade County, total sales declined 11 percent, year-over-year, in August, to 1,788 deals. Single-family home sales fell 8 percent to 964 closings, and condo closings plunged 13 percent to 903. The median […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Builders don’t have a rate problem, they have a reliability problem
The Love Nest Is Dead—Why Fewer Young Married Homeowners Signal a Major Economic Shift
California’s Billionaire Tax Doesn’t Include Homes—Here’s How Much Wealthy Residents Like Mark Zuckerberg Could Save by Making Key Change
‘Didn’t see that coming’: Real estate brokers react to Real-REMAX deal
Los Angeles Rents Hit 3-Year Low—but Most Residents Still Can’t Afford Them
UWM adds VantageScore alongside FICO for conventional loans
Coinbase exec buys lot on Miami Beach’s La Gorce
ERA Real Estate affiliates form new billion-dollar-plus partnership in California
Housing starts overachieved in March amid warning signs aplenty
Lombardi, Fox Farm jump on spec suite trend with Wynwood office project
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131