Miami-Dade real estate still trending up

MIAMI – The Miami-Dade County real estate market appears to still be going strong.

Single-family home sales surged 18.5 percent in May 2013 compared to May 2012, according to the Miami Association of Realtors.

The association also bragged that condominium sales increased 3.9 percent.

"Miami continues to attract worldwide attention, as foreign and domestic buyers flock to our exciting city," said Natascha Tello from the Miami Association of Realtors. "The local lifestyle, global business environment, and strategic location between Latin America and Europe are driving population growth that is fueling strong demand for property sales and rentals.."

The association also reported the average sales price for single-family homes in Miami-Dade County in May increased 10.8 percent to $408,021,

The average sales price for condos increased 20.5 percent to $370,843.