Miami Real Estate Woes Continue

Last month real estate sales in Dade County Florida, which includes Miami and Miami Beach, slowed even more, to the lowest point in the last 18 months. According to information taken directly from data supplied by the Coral Gables, Homestead-South Dade, Kendall-Perrine, and Northwestern Association of Realtors or their MLS, there were a mere 481 single family homes sold in the entire area, with a whopping 14,909 homes listed for sale. When it comes to luxury real estate, i.e. homes valued at $750,000 and higher, the story is similar. In August there were a total of 87 listed homes priced at $750,000 and higher that sold, with 2,773 listings on the market.

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