Miami Home Sales Statistics

According to statistics compiled by the Realtor Association of Miami Dade County, in January of 2007, 2,245 single-family homes sold in Miami-Dade at a median asking price of $340,800. Twelve months later, in January 2008, things changed dramatically with only 885 single-family homes selling at a median price of $319,900.

The condo market had similar results, although there may be some positive news, at least temporarily. In January 2007, 2,772 condos were sold at a median price of $250,000, and in January 2008 1,237 condos sold at a median price of $286,500. Condos are selling at a snails pace, but according to these latest statistics, the median price is higher than it was a year ago.

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