According to a new report from the Miami Association of REALTORS® and the local Multiple Listing Service system Miami set a single family home sales record in 2015. A total of 13,396 existing single-family homes were sold in 2015, up 3.1 percent compared to the 2014 figure. It marked the third-consecutive record sales year for Miami, having posted 13,521 sales in 2014 and 12,899 in 2013. Miami-Dade finished the year with 29,886 total existing residential sales, including single-family and condo markets. The number marks the third-highest total for annual residential transactions in Miami history. Only 2013 (30,041 sales) and 2014 (29,930 sales) had more total existing residential sales.
“Miami real estate had a banner year in 2015,” said Coral Springs Realtor Mark Sadek, the 2016 MIAMI Chairman of the Board. “Miami’s strong local jobs market, population increase, historically-low mortgage interest rates and South Florida’s continued growth as a world-class global region all played key roles in the strong sales. We see many of these factors carrying over to 2016.”
