Miami Home Sales Up 13.7%

By Maggie Dokic on December 24th, 2008
Categories: Market Trends

No, that isn’t a typo. Miami home sales are on the upswing. Home prices in Miami may be down, but lots of smart people out there are taking advantage of these great deals, foreclosure or not.

This morning I received my daily bit of news from the National Association of Realtors. One of the articles states that in the midst of a slacking economy, home sales are down 10.6% since last year. Well, that bit of news may seem appropriate for the rest of the country, but my phone doesn’t stop ringing, so I decided to look at our own numbers, a little closer to home.

Just as I thought, sales in Miami-Dade County have increased over the same period last year. A whopping 13.7% increase, to be exact!

I used the same criteria as the NAR data. I included single family homes, townhomes, condos and co-ops. Miami-Dade County had sales of 1,049 units in November of 2008 and only 923 units in November of 2007.

This is a great time to get a deal like no other on a Miami home. Sales are up in the midst of an eroding economy. I’m not surprised, with the list prices I’m seeing out there.

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