Miami condo sales surge: report

Sales of Miami condominium units jumped 134 percent last month compared to
January 2010, according to a report from the Miami Association of Realtors.
There were a total of 1,262 condo unit sales last month, compared to
just 540 in January of last year. The report is based on data from the
25,000-member Miami Association of Realtors and the Southeast Florida
Multiple Listing Service. Sales of single-family homes rose 55 percent
last month compared to January 2010. “These significant increases in sales
for both single-family homes and condominiums reflect the strength of
the Miami real estate market,” said Jack Levine, chairman of the board of the Miami Association of Realtors. TRD