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Elliman Report: Miami Coastal Mainland Sales 2Q 2018

Miami’s coastal mainland housing market reflected rising prices and an uptick at the upper end of the market. Median sales price rose 6.7% to $320,000 from the year-ago quarter, the fifteenth consecutive quarterly increase. Average sales price and median sales price showed similar upward trends. The same price trends were seen across the single-family market. Price growth was also higher in the luxury submarkets as average sales size increased and an uptick in market share of larger units occurred. The number of sales for…

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