Miami-Dade County, Florida home prices on rise

Sales prices up for single-family homes, condominiums

Published On: Nov 20 2012 03:02:12 PM EST
real estate miami
MIAMI -

Miami home prices rose again in October, according to the Miami Association of Realtors.

The association reported median sales price of single-family homes rose 5.8 percent compared to a year earlier to $185,000, while the median sales price of Miami-Dade condominiums rose 24.2 percent to $146,000.

“Intense demand for Miami properties continues to fuel robust price appreciation," said Miami Association of Realtors Chairwoman Martha Pomares. “Demand from investors, foreign and vacation buyers as well as U.S. and local residents remains very strong."

Across Florida, the median sales prices in September increased 9.0 percent to $145,000 for single-family homes and 20.2 percent to $107,000 for condominiums.