South Florida residential sales volume drops 10% in July

South Florida’s residential market continued its months-long slowdown in July. Dollar volume in Miami-Dade, Broward and Palm Beach counties dropped 10 percent to $4.5 billion, down from $5 billion last July, according to Multiple Listing Service data collected by the Miami Association of Realtors. Median prices for both single-family homes and condominiums also fell across the tri-county last month. Miami-Dade County In Miami-Dade County, total sales plunged 16 percent year-over-year to 1,782 closings in July. Single-family home sales dropped 15 percent to 861 deals. Condo closings plummeted 17 percent to 921 sales.  The median price for single-family home sales dipped […]This article originally appeared on The Real Deal. Click here to read the full story.