Catherine Rodstein Blog   Real Estate Blog

The end of 2013 showed a record breaking year for both domestic and international buyers, 8% higher then 2012. The first quarter of 2014 is continuing strong, with increased inventory reflecting a healthier balance between buyers and sellers.

The median sales price for single family homes saw an increase of 19% in 2013 versus 2012. February 2014 saw a modest 1% increase in single family homes sales, but prices still increased by double digits according to Florida Realtors. Condo and Town home sales went down 8.2%, yet the median sales price surged 24.9%. "The weaker sales results are actually a good sign," according to Florida Realtors chief economist John Tuccillo, "as it is solely the result of plummeting short sales as prices are rising." Visit http://www.catrodstein.com/how-is-the-market.htm for additional information on the current Miami Real Estate Market.

 
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