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Elliman Report: Miami Coastal Mainland Sales 4Q 2019

Most price trend indicators moved higher year over year and included a new record. Overall condo activity showed a substantial uptick in sales and some evidence of price growth. The number of condo sales rose 7% to 1,886 from the same period last year and the highest fourth-quarter total in four years, consistent with the 1,834 five-year quarter average. Condo median sales price edged up 0.3% to $250,000 from the same period last year, the twenty-third straight increase. The single-family market set a new median sales price record, reaching a new record in each of the previous three quarters…

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