Miami Real Estate Forecast 2018 2019
The housing market outlook for 2019 is excellent. And after a strong first quarter in the Miami Dade, South Florida market, buyers in this market are happy.
According to the Miami Association of Realtors, Miami’s condo sales jumped 24.% and condo dollar volume surged 40.8% year-over-year. Miami home sales in April 2018 jumped 12.9% while single-family home transactions rose 2.1%.
The surge was charcterized by sales of condos in the lower price range via all cash transactions. And there’s more good news ahead. George Jalil, a Miami broker is quoted as sying that “Miami condo pending sales are up 13.6 percent, which indicates another strong month of sales on the horizon.”