MIAMI - Miami home prices rose again in September, according to the Miami Association of Realtors.
The association reported median sales price of single-family homes rose 8.6 percent compared to a year earlier to $190,000, while the median sales price of Miami-Dade condominiums rose 36.2 percent to $150,000.
"The Miami real estate market continues to strengthen despite the shortage of housing inventory," said Miami Association of Realtors Chairwoman Martha Pomares. "We've seen nearly an entire year of significant monthly price increases."
Across Florida, the median sales prices in September increased 7.4 percent to $145,000 for single-family homes and 18.8 percent to $105,376 for condominiums.
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