Karla Castillejo

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Existing home prices rose by double digits in Miami-Dade and Broward

Miami Herald, 01/28/14

Bucking a national slowdown, Miami-Dade County posted a 9.8-percent gain in existing single-family home sales and a 12.9-percent increase in existing condo sales in January, compared with a year earlier. The median price of a single-family home in Miami-Dade county jumped 16 percent in January to $225,000 and the condo median rose 20 percent to $186,000, the Miami Association of Realtors said. Sales of Miami-Dade single-family homes rose to 904 closings in January from 823 a year earlier, while condo closings totaled 1,269 compared with 1,124 a year earlier, Miami Realtors said.