Residential
South Florida
South Florida resi greenback quantity surges in December
South Florida’s residential gross sales greenback quantity surged in January.
Greenback quantity reached $4 billion, up 14.3 p.c from $3.5 billion in January of 2024. Median costs additionally rose in January, in line with A number of Itemizing Service knowledge collected by the Miami Affiliation of Realtors.
Miami-Dade County
In Miami-Dade County, whole dwelling gross sales fell 3 p.c, year-over-year, to 1,376 closings. Single-family dwelling gross sales held even with 643 offers. Rental gross sales dipped 5 p.c to 733 gross sales.
The median value for single-family houses grew 7 p.c to $675,000. For condos, the median value rose 2 p.c to $415,000.
Greenback quantity within the county reached $1.4 billion. For single-family houses, greenback quantity grew 4 p.c to $809 million. Rental greenback quantity elevated 2 p.c to $578 million.
Broward County
Broward County whole dwelling gross sales fell 3 p.c, year-over-year, to 1,521 offers. For single-family houses, gross sales jumped 8 p.c to 765 closings. Rental gross sales sank 12 p.c to 756 offers.
The median value for single-family houses ballooned 11 p.c to $640,000. For condos, the median value dipped 1 p.c to $272,000.
Greenback quantity within the county totaled $962 million. Single-family greenback quantity surged 22 p.c to $678 million, and apartment greenback quantity fell 8 p.c to $279 million.
Palm Seashore County
In Palm Seashore County, whole dwelling gross sales rose 3 p.c, year-over-year, to 1,491 offers. Single-family dwelling gross sales climbed 5 p.c to 850 offers, and apartment gross sales elevated 1 p.c to 641 closings.
For single-family houses, the median value jumped 6 p.c to $650,000. The median value for condos grew 2 p.c to $330,000.
Greenback quantity for the county reached $1.6 billion in January. Single-family greenback quantity soared 27 p.c to $1.2 billion, and apartment greenback quantity adopted intently behind, rising 22 p.c to $407 million.
Learn extra
Residential
South Florida
South Florida apartment gross sales, greenback quantity plummet in November
Residential
South Florida
South Florida residential greenback quantity falls in October, apartment gross sales plunge
