MIAMI—Miami home prices continue to climb. The average price fora condo in Miami-Dade increased 30% year-over-year in April to$150,000. So says the Miami Association ofRealtors.
Meanwhile, the median sales price of single-family homes rose8.2% to $183,000. The median sales prices for non-distressedproperties sold in April in Miami-Dade were $253,400 forsingle-family homes and $246,250 for condominiums.
“Miami single-family home and condominium prices continue totrend upwards due to the record demand experienced last year,”Martha Pomares, 2012 Chairman of the Board of theMiami Association of Realtors, said in a statement. “Priceappreciation should continue due to limited supply and strongdemand from both U.S. and international buyers and investors.”
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