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 for additional information on the current Miami Real Estate Market.

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