Miami-Dade, Broward residential prices keep rising

Home and condo prices continue to increase in Miami-Dade and Broward counties.

Miami-Dade’s year-over-year median single-family price jumped 8 percent to $243,000 in April, according to the Miami Association of Realtors. The median condo price increased 10.3 percent to $193,000, a 3.5 percent decline from March.

Sign Up for the undefined Newsletter

“The Miami real estate market continues to stabilize and reflect more balance between buyers and sellers,” association chairman Liza Mendez said in a written statement cited by the Miami Herald.

Broward County’s year-over-year median single-family price rose 9.2 percent to $273,000, according to the Greater Fort Lauderdale Realtors. The county’s median condo price surged 14.3 percent to $120,000, which was about the same as the median price in March. [Miami Herald]Eric Kalis