Home Prices Rose in August
(Miami Herald) Home prices and sales were up in South Florida in August, as the local real estate market continues to grow.
The median sales price for existing single-family homes in Miami-Dade County hit $260,500 in August, according to a report released Monday by the Miami Association of Realtors. That’s up from $250,00 in August 2014, a gain of 4.2 percent. Condo and townhome prices were $204,000 in August, up 12.1 percent year-over-year from $182,000.
A slowing market could mean price relief for struggling middle-class home buyers. South Florida is one of the nation’s least affordable places to buy a home.
(September 21, 2015)