Miami…cooling?
Wenston DeSue
Wenston DeSue is a realtor, organizational consultant, design, construct, build expert and developmental networker. Real estate is the business of exchange and affects every person on the planet. Real estate on all levels represents resources, access, purpose and often times, power. These articles represent aspects that affect the business of real estate.
It would seem the sky’s the limit when it comes to pricing for South Florida’s high-rise living with sales prices reaching new heights in January. House hunters, however, are catching some relief — as prices steadied or dipped for the first time in months. Median sales prices increased for condos for the fifth month in a row in Miami-Dade and Broward counties, according to new housing data from the Miami Association of Realtors. In Miami-Dade, prices grew to $360,000 in January, up from $355,000 in December. Prices rose in Broward to $240,000 in January, slightly higher than $236,000 the month before. The month-to-month growth mirrors a year-over-year jump in condo sales prices. Miami-Dade experienced a 27% rise in condo prices to $360,000 in January 2022 from $280,000 in January 2021. Prices rose by 15% in Broward, to $240,000 in January from $209,000 a year ago.
Read more at: https://www.miamiherald.com/news/business/real-estate-news/article258518653.html#storylink=cpy
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