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Elliman Report: Miami Coastal Mainland Sales 3Q 2016

Miami’s coastal mainland housing market experienced rising prices overall but at a slower pace. Overall median sales price increased 9.6% to $285,000 and average sales price edged up 0.4% to $391,918 respectively from the prior year quarter. The number of sales fell 15.1% to 3,950 over the same period with most of the decline attributed to the condo market…

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