Luxury condo resales surged in Miami in March by 17.7% compared to last year, according to a report from the MIAMI Association of Realtors.
Home sales including condos and single-family, in Miami-Dade County totalled 1,230 in March, a 7.6% rise compared to last year.
There has been a rise in mid-market sales as explained by José María Serrano, chairman of the board of the MIAMI Association of Realtors: “A rise in mid-market condo sales and mortgage rates hovering near one-year lows factored into the overall increase.”