Latest figures from Business Wire show good news for the recovering Miami housing market:
In the last few months, the Miami real estate market has shown a recovery as the median sales property price has increased by more than 40 percent compared to a year earlier. In March, the median sales price for condominiums was $141,700, a significant gain compared to last year. Single family homes have experienced an increase of 13%, their median sales price being $180,000. This recovery is particularly encouraging for the Miami real estate market because it happened sooner than predicted.