Is there a rebound in the Miami real estate market?
Comparing October 2011 to October 2012: Existing single family homes sales increased by 41.9%, the median price rose 5.8%, while the average days on the market came down to only 39 days. In the condo resale scenario sales climbed 13.1%, median prices jumped to 24.4%, and the average days on the market was of only 43 days.
Yes, the housing market in Miami-Dade is on the rebound!
Source: The Miami Herald, November 20, 2012.
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