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Now's the time to purchase real estate in Miami

Posted: Mar. 6th, 2013  |  By Michael Pearse

It is looking good for Miami realtors this year as the residential sales increased by 7.5%. 2013 is the perfect time to buy with rising sales and prices amid limited supply. Miami-Dade County residential sales increased 7.5% in January compared to a year earlier. Single-family homes were up 19.1% and sales existing condominiums increased 0.3% year on year.

The Miami residential real estate market had a second record year in 2012 with prices rising for 14 months in a row.

It has started 2013 strong with rising sales and prices amid limited supply, according to the 25,000 member Miami Association of Realtors.

Miami-Dade County residential sales increased 7.5% in January compared to a year earlier. The sales of existing single family homes were up 19.1% and sales existing condominiums increased 0.3% year on year.

‘The consistent strengthening and improvement of the Miami real estate market is generating much excitement and attention both domestically and internationally,’ said Natascha Tello, chairman of the board of the Miami Association of Realtors.

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