Since 2012, home prices in South Florida have been steadily increasing and in 2013, it has increased by leaps and bounds in some areas as much as by over 20%. The inventory of available condominiums and single family homes in Broward and Miami-Dade counties has been constricted for most of 2013, which hastened a new development boom and rush of preconstruction properties to the tune of over 160 new condominium projects in South Florida. The Miami Association of Realtors and Greater Fort Lauderdale Realtors released the numbers for December 2013, and they show further increases in home prices, that do not seem to be in the decline as demand is still present by sellers. If you are looking to buy a home in Miami Dade or Broward County or if you are looking to sell your condominium or single family home, please contact us today. The most recent reported numbers are below!

• Median Price of Single Family Home in Miami Dade up 15% from December 2012
• Miami Dade Condo Median Price up 7.4% from December 2012
• Miami Dade Single Family home Sales up 9.8% total from December 2012
• Miami Dade Condo Sales up 2.2% from December 2012
• Median Price of Single Family Home in Broward up16.9% from December 2012
• Broward Condo Median Price up 26.2% from December 2012
• Broward Single Family Home Sales up 5% from December 2012
• Broward Condo Sales Slightly Down 1.5% from December 2012