The Miami housing market along the coastal
mainland was characterized by rising prices and
both declining sales and inventory. Median sales
price for single family and condos increased 11.8%
to $285,000 from the year ago quarter. Average
sales price followed the same pattern, rising 2.8%
to $388,695. Prices moved higher because of the
skew from the sharp drop in lower priced distressed
sales. There were 3,542 sales in the quarter, down
13.6% from the year ago quarter…