I'm sure all of you keep hearing about our failing economy and horrible housing market in the media every day. Many people have the perception that it is a terrible time to buy real estate and that no one is buying anything. Based on recent statistics from August 2008 (below), it seems like the opposite is true.
BROWARD
Sales of Single Family Homes are up 12% ..... but median sale prices down 27%!
Sales of Condos are remaining the same ..... median sale prices down 25%!
MIAMI
Sales of Single Family Homes are up 22% ..... but median sale prices down 30%!
Sales of Condos are up 13% ..... median sale prices down 20%!
Median Sale Prices are down probably due to short sales, foreclosures, and bank owned properties (REO's).
Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com
Tuesday, September 23, 2008
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