South Florida Home Sales Down Slightly From June, But No Shame In That
It would have been tough to beat June’s housing numbers, a month when Miami-Dade County set an all-time record for single-family home sales.
While South Florida as a whole saw a slight drop compared to June, July’s sales were still about 14-percent higher than July last year, according to a report from Florida Realtors.
Part of that boost comes from Palm Beach County, where sales for condos, townhouses and single-family homes have skyrocketed. Year-over-year home sales were up 19.5 percent in July -- from 1,515 to 1,810 -- according to a report from the Greater Fort Lauderdale Association of Realtors. Condo and townhouse sales jumped up 24.8 percent from last year, up to 1,315.
Broward County saw more modest, but still double-digit gains. The county had 1,683 single-family home closings last month, an 11-percent bump from July 2014. The 1,567 condo and townhouse sales was 10.4-percent higher than last year.
Miami-Dade County had 1,354 single-family home sales in July. That would have been an all-time record were it not for the 1,390 sales in June, according to a report form the Miami Association of Realtors. July still accounted for a 10.2-percent year-over-year increase. Miami-Dade condo and townhouse sales were also up, but not quite as dramatically. The 1,471 closings was 4.8-percent higher than July of 2014.
Last month the median price of a single-family home sold in South Florida was $295,000. The median price of a condo or townhouse, about half that amount: $155,000.