According to a new report from the MIAMI Association of REALTORS® (MIAMI) and Multiple Listing Service (MLS) system the Miami-Dade County real estate market is on pace to break its all-time annual single-family home sales record for the fifth consecutive year. Through the first 11 months of 2015 the Miami-Dade market has registered 12,857 single-family home sales, just shy of last year’s record. The median sales price for a single family home rose 12.2 percent year-over-year in November 2015, from $245,000 to $274,900.
“A fifth-consecutive record year for single-family home transactions is a testament to the vitality and allure of Miami real estate,” said Christopher Zoller, the Residential President of MIAMI for this year. “International and domestic buyers want to invest and live in one of the world’s top global cities. Miami existing condominiums are also on pace for a historic sales year despite an increase in competition from new construction properties.”
