Housing Stats: Median Prices Rose For All Miami-Dade Property Types In June

Miami-Dade County mid-market single-family home sales increased, and median prices rose for all property types in June, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Total sales declined last month mainly due to lack of supply in certain price points, but they are expected to increase in the future because of declining mortgage rates, increased consumer confidence and demand from high earners in tax-burdened states.

“From luxury to more affordable homes, Miami real estate offers unique and diverse neighborhoods for all types of homebuyers,” MIAMI Chairman of the Board José María Serrano said. “Locking in a mortgage at today’s sub-4% rates will prove valuable now and in the future. MIAMI Realtors have the expertise to help consumers in their home search.”