Miami FL Real Estate Trends - April 2011
Home sales are expected to stay on an uptrend through 2012, although the performance will be uneven with mortgage constraints weighing on the market, according to real estate experts.
Lawrence Yun, National Association of Realtors chief economist, said existing-home sales have been underperforming by historical standards and will rise gradually but unevenly. “If we just hold at the first-quarter sales pace of 5.1 million, sales this year would rise 4 percent, but the remainder of the year looks better,” Yun said. “We expect 5.3 million existing-home sales this year, up from 4.9 million in 2010, with additional gains in 2012 to about 5.6 million – that’s a sustainable level given the size of our population.”
Now take a look at how the Miami FL real estate market performed in April.
Miami FL Real Estate - Single Family Homes Sales April 2011
|
Date |
New |
Sold |
Average |
Y-to-D |
|
April 2011 |
964 |
563 |
$189,550 |
$184,300 |
|
April 2010 |
1,235 |
504 |
$203,203 |
$207,341 |
|
% Change |
-21.9 |
+11.7% |
-6.7% |
-11.1% |
Miami FL Real Estate - Condo/Coop/Townhouse/Villa Sales April 2011
|
Date |
New |
Sold |
Average |
Y-to-D |
|
April 2011 |
1,108 |
682 |
$525,223 |
$278,649 |
|
April 2010 |
1,549 |
530 |
$185,163 |
$167,670 |
|
% Change |
-28.5% |
+28.7% |
+183.7 |
+66.2% |
Find out what your Miami FL home is worth.
Statistics furnished by the Miami Realtors Association.
