November 14, 2021
Real Estate

Miami Real Estate Posts Best May Sales Month in History; Existing Condo Sales Jump 286.5% as Buyers Act on Healthy Inventory

Miami-Dade County real estate posted its best May sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates fueled a triple-digit sales increase, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

MIAMI, June 22, 2021 /PRNewswire-PRWeb/ — Miami-Dade County real estate posted its best May sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates fueled a triple-digit sales increase, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Miami-Dade County total home sales surged 172.6% year-over-year, from 1,297 to 3,536. Miami single-family home transactions rose 85.3%, from 734 to 1,360. Miami existing condo sales increased 286.5%, from 563…

Read full article here: finance.yahoo.com