Miami home sales jump 49 percent

Single family and condominium sales in Miami jumped 49 percent in the
second quarter, with a total of 6,768 sales, according to the Miami
Association of Realtors. “Miami sales have increased consistently for
nearly three years,” said Jack Levine, chairman of the board of the
Miami Association of Realtors. “Residential sales exceeded last year’s
levels, which were boosted by the homebuyer tax credit. International
buyers and investors continue to fuel the Miami real estate market
unlike any other in the U.S.” The median sales price in Miami-Dade
county fell to $178,800 in the first quarter, according to the report.
— Alexander Britell