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Sales of Miami's Single Family Homes jumped 13 percent in November

By
Real Estate Agent with ONE Sotheby's International Realty 3291911

Miami Association of Realtors recently released the report on Miami's housing market. While condo market keep showing a slow down, Miami's single-family homes sales jumped 13.1 percent in November 2016. This is the biggest sales volume increase in the last seven years.

Luxury homes market saw a huge 43% increase in sales year-over-year. In November 76 homes priced over a $1 Million have been sold compared to 53 homes last year in November.

The median sold price of home rose the 60th straight month in November, reaching $310,000. Inventory is still significant with 6,605 active homes for sale on the market.

Miami-Dade’s real estate condo market in the same time saw a drop of 11.4 percent year-over-year with 972 units sold in November. Inventory has greatly increased as well to 18 percent or 14,811 condos. The median sales price rose by 7 percent or $217,250

Yuliya Kachko ONE Sotheby’s International Realty presents the latest best oceanfront projects in Miami, penthouses for sale Miamipreconstruction condos in Miami and South Florida. See below some of the best oceanfront luxury condos in Miami.

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