The median sale price for a house in Miami rose year-over-year for the sixth month in a row in June, according to a new report.
The DQNews.com report on South Florida showed the median price was up 25 percent from $120,000, the lowest point during the housing downturn. Prices still are 48.3 percent lower than at the peak of $290,000 in June 2007.
Absentee buyers, a category that includes investors and vacation-home buyers, bought 40 percent of all homes in June. They paid a median $110,000.
Examining statistics for local markets is vital for real estate investors who want to take advantage of trends.
Here is our Housing Snapshot view of Miami:
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