Falling median home prices in South Florida boosted sales in August versus a year ago, amid continued signs that the steepest of the declines may be over. The figures were in contrast to national numbers, which showed a dip in sales for the first time in four months.
In Miami-Dade, August sales of single-family homes were up 22 percent, while the median price was $194,800, a slide of 29 percent versus a year ago, the Florida Association of Realtors reported Thursday. Condo sales also rose by 17 percent as median condo prices dropped 31 percent to $144,700.
A similar pattern emerged in Broward, where single-family home sales were up 35 percent, while the median price dropped 20 percent to $217,000. Condo sales rose 61 percent, with the median price falling 36 percent to $85,100.
Those patterns matched statewide figures. Florida sales prices dropped 22 percent to $147,400 for single-family homes and 32 percent to $107,500 for condominiums, as sales rose 28 percent and 45 percent, respectively.
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