June 18, 2021
Real Estate

South Florida’s Red-Hot Housing Market Doesn’t Appear To Be Slowing Down Anytime Soon – CBS Miami

MIAMI (CBSMiami) – South Florida’s real estate market is a sellers dream right now.

“I’ve never seen a market like this one. The prices are increasing at an astronomical rate,” said Melissa Miller, a top real estate broker in Weston.

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Miller said most houses are selling for above asking.

In Miami-Dade County, house prices are up 21.6% from this time last year. Condos are up 17%.

One of Miller’s clients, who now live in Kansas, just put their Parkland house on the market Sunday.

“Probably, what about 100?” CBS4’s Keith Jones asked sellers Marcy and Amit Patel.

“Yeah a $100,000 difference,” said Amit Patel.

They were renting out the Parkland home, but long-distance landlording wasn’t their thing.

A year ago, they couldn’t get a…

Read full article here: miami.cbslocal.com