South Florida resi dollar volume spikes even as prices drop
It seems like everyone had homes on their holiday shopping lists last month. Dollar volume for residential sales in South Florida saw a 20.9 percent jump, year-over-year, in December, according to Multiple Listing Service data collected by the Miami Association of Realtors. The total reached $5.2 billion across the tri-county region, up from $4.3 billion the year prior. The growth persisted despite lower median prices in Miami-Dade and Broward counties. Miami-Dade County In Miami-Dade County, total sales grew 6 percent, year-over-year, to 1,869 in December. For single-family homes, sales rose 4 percent to 860 deals. Condo closings jumped 8 percent […]This article originally appeared on The Real Deal. Click here to read the full story.
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