Sales of existing single-family homes in the Miami Metropolitan Statistical Area (MSA) rose 46 percent in September, from 582 to 848, compared to September 2010, according to the Miami Association of Realtors. Sales of existing condominiums went from 833 to 1,319, an increase of 58 percent, as compared to September 2010.
Statewide, the sales have increased 10 percent to 15,036 for single-family homes and 10 percent to 6,666 for condominiums, as compared to September 2010. National figures show sales of existing single-family homes, townhomes, condominiums, and co-ops declined three percent from the previous month and but were 11.3 percent above September 2010, according to the National Association of Realtors (NAR).
Click here for the full World Property Channel article by Michael Gerrity.