South Florida Remains HOT On The Housing Market

July proved to be another super strong month for real-estate across the country, including right here in South Florida. 

According to the latest from the National Association of Realtors, existing home highlights included: 

  • Median home prices at a new record high: $258,300
  • Prices rose 6.2 percent year over year
  • The real-estate recovery reached its 65th consecutive momth
  • Average time on market: 30 days
  • 51 percent of homes sold within a month of being listed

Here's how prices performed in South Florida: 

  • Broward: + 9 percent to $350,000 
  • Miami-Dade: + 12 percent to $335,000
  • Palm Beach: +6 percent to $336,000

Historically, average real-estate returns are about 4 percent year-over-year, so you can see that nationally and especially in parts of South Florida.

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