The Miami Beach housing market was
characterized by a modest rise in price year to
date, but with longer marketing times and more
inventory. Median sales price year to date rose
2.5% to $410,000 while median sales price for
the third quarter declined 4.9% to $383,750
respectively from the same period last year.
The only market segments to see both a gain in
market share and an increase in market share
were the 1-bedroom condo market and the
5-bedroom single-family market…