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A tale of two markets: South Florida home sales up, condos fall

It was a tale of two counties in South Florida this summer as luxury prices in Palm Beach skyrocketed, but in nearby Miami they tumbled 10% amid a glut of high-end condos. homes on the market.

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Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

Our 2019 Real Estate Survey reveals which Miami-Dade neighborhoods are best for renters and buyers, which areas are overpriced, and where to find the best deals.. "It really is a tale of two.

A tale of two markets: south florida home sales up, condos fall Basic information Date of placement 2019-05-21 20:55

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Home. up are a tougher sell. The affordability index is better in the Southwest as compared to the Southeast and once again, the market here was dominated by Lennar in 2018 with 27.8% of the market.

Last year the two-county region set a record volume in condo sales. single-family home prices rose 3.4% to a median $305,000.

Housing Bubble Watch - Florida Real Estate Report, Sellers Cut Home Prices: Orlando, Tampa, Miami Residential sales fall in Broward County, inside Stephen Ross’s massive empire Every day, The Real Deal rounds up South Florida’s biggest real estate news, from breaking news and scoops to.

According to statistics released by the Emerald Coast Association of Realtors, September told a tale of two markets – single-family homes vs. townhomes/condos. "We like to say all real estate.

“It really speaks to the strength of the Palm Beach market.” July’s deals also make Palm Beach a national outlier among.

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The apartment development game is really a tale of two markets. There is the luxury market, where rents for one-bedrooms can reach over $2,000 and includes projects such as Florida East. continue.

Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets.. In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller’s market.