Miami home price appreciation approaches 5 consecutive years

For 56 consecutive months, single-family home prices have appreciated in Miami, a report from the Miami Association of Realtors and the local MLS confirmed. In July, the median sales price reached $299,000.

Condo price appreciation has been similarly predictable, rising 60 of the last 62 months, bringing the median sales price to $225,000. Still “a major bargain” by the association’s measure.

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