Miami Condo Market and Lifestyle Updates
Sales Prices Proceed to Rise Despite Mass Inventory in Miami-Dade and Broward

Sales Prices Proceed to Rise Despite Mass Inventory in Miami-Dade and Broward

by Sep Niakan | May 07, 2014

Despite the housing inventory boom, prices for condos and single-family homes surged in March.

The median price for condo resales in Miami-Dade County is up 19.8%, reaching $235,000 year-over-year, according to data from the Miami Association of Realtors. This increase was 13% higher than the month before in resale prices. The resale price of single-family homes in Miami-Dade rose 4.4% to $235,000 year-over-year also.

“While additional inventory is creating a more balanced market,” Liza Mendez, chairwoman of the Miami Association of Realtors, said, “strong sales continue to drive growth as Miami remains a focal point for buyers and investors worldwide.”

Existing single-family homes in Broward County received a 10.7% median price increase year-over-year, reaching $268,000, according to data from Greater Fort Lauderdale Realtors. Median condo prices increased by 25.7% to $120,000, compared to the data from March 2013.



Photo credit: Aerial view -

Recent posts


A Guide to Miami's Best Beaches

by Sep Niakan | April 17, 2017

Think Miami Beach and most people conjure up images of Spring Break, bikini-clad college students and a wild party worthy of '90s-era MTV. However, truth is that Miami’s beaches have a lot more to offer than those hyped up versions of...

Real Estate News

Miami’s New and Pre-Construction Condo Update: March 2017

by Sep Niakan | April 14, 2017

March has been a pretty busy month for Miami’s condo pre-construction market. From two sales gallery launches to four buildings topping-off, there’s been plenty of activity to keep the market abuzz. The biggest news, however, came in the...


Which Miami Condo Towers Will Win the Battle of the Supertalls?

by Sep Niakan | April 09, 2017

With the FAA (Federal Aviation Administration) relaxing height restrictions in 2015, it seems developers have been racing to break records with one supertall after another. The sky’s going to be the limit for those who dream of snagging the...


2017 – Official Year of the Buyer

by Sep Niakan | April 04, 2017

I think it’s safe by now to officially declare 2017 as the “Year of the Buyer”. There’s lots of inventory waiting to get off the market, especially the luxury and waterfront kind (read full report here). As our Latin American...