The Real Deal Miami

Times changing for residential market

June 06, 2011 11:23AM

Even those overbidding for South Florida condos are losing out to other buyers. Some realtors even say they are seeing upsurges in prices in South Florida. “What I’m seeing on the streets is, prices are going up,” said Melanie Hyer of Keller Williams Realty. “It’s still a buyer’s market, but the market is stabilizing.” In nine separate neighborhoods, buyers are paying more than the asking price, including in Miami-Dade County and Broward. The cities include Homestead, Medley and Miami Gardens in Miami-Dade, along with Coconut Creek in Broward. See more in the video above. [NBC Miami]