Miami-Dade Condominium Sales Increase Year-over-Year in 1Q 2019

Miami-Dade Condominium Sales Increase Year-over-Year in 1Q 2019

  MIAMI/ MAY 14, 2019 (STL.News) Miami-Dade County existing condominium sales and median sale prices for all properties increased year-over-year in 1Q 2019, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami existing condo sales increased 0.8 percent year-over-year in 1Q 2019, increasing from 2,974 to 2,997. Single-family home sales decreased 4.9 percent, from 2,799 to 2,662. Total sales decreased 1.9 percent, from 5,773 to 5,659. “The new federal tax code and a decline in mortgage rates continue to play a role in the increase of existing Miami condo sales,” MIAMI Chairman of the Board José María Serrano said.

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