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.