Miami List Prices Rebound in 2011, as Pending Home Sales Rise
ricardo, Oct 5, 2011 10:23:33 AM
According to the latest real estate data from Realtor.com, Florida cities have had the largest increase in list prices. Miami has had the largest rebound in list prices across the country, where current average list price is now $640,332, an increase of 27.4% over the prior year. In comparison, the national average list price rose only 2.36% to $320,325.
In addition, the Miami Association of Realtors, has indicated that pending home sales rose 18% in August over the prior year, outperforming the nation. Miami Condo sales outperformed single-family homes with an increase of 21% over the prior year.