The Real Deal Miami

Miami-Dade, Broward residential prices keep rising

Existing home, condo median values posted year-over-year gain in April
May 23, 2014 01:30PM

datafeechHome 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.

“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