Florida was the epicenter of this real estate crisis between 2007 and 2008, which, among others, was characterized by the collapse of subprime mortgages.
“Miami continues to attract domestic and international homebuyers looking to live in a global city with world-class facilities and a diversified economy,” Christopher Zoller, the organization’s executive officer, said in a statement.
Sales of single-family homes increased 10%, from 1,129 to 1,242 units, between March 2014 and the same month last year, while the median price increased 10.6%, from 235,000 to 260,000 dollars.
“Buyer demand for Miami property is leading to more sales and higher sales prices,” Zoller added.
Overall, Miami-Dade County saw single-family home sales increase 6.8 percent (from 2,542 to 2,714 units), while condominium sales were 4.2 percent (1,413 to 1,472).
The Association, which brings together some 30,000 real estate agents, noted, however, that prices remained affordable, at the level of 2004, before the housing bubble burst.
