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Miami Prices Remain Low Compared to 2007

June 10th, 2014 Written By Carol Pawley

SANTURCE FINAL

While record real estate sales activity in Miami-Dade has fueled double-digit price increases for nearly three years, median sale prices are what they were in 2003. The price growth that began in 2011 is relative to the bottom of the market, which means prices remain low compared to their peak in 2007. The current median sale prices for homes in Miami-Dade are what they were in 2003. Compared to the peak in 2007, prices for single-family homes and condominiums are respectively 36 and 29 percent lower.

 

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