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Miami-Still a Buyers Market

August 12, 2011

P R O P E R T Y   S E A R C H

R E S T I V O – H E C H T M A N    T E A M

It’s still a great time to buy a condo or single family home in Miami. In the year to year comparison, there was a decrease of 4%, with 17,597 homes sold in June compared to 18,402 homes sold in June 2010. There was also a 2% decrease in the statewide median sales price for existing homes, with a median of $138,000 in June compared to $141,200 in June 2010.

Florida’s statewide median price was approximately 1.8% higher than it wad in May of this year. Foreclosures and short sales are bringing the prices down, distorting the median price since they tend to sell at a discounted price than a standard, traditional sale homes, according to The National Association of Realtors.

The Restivo Team would love to help you find your dream home, so call us today and let’s get started.

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