Sunday, October 2, 2011
Miami-Dade County pending home sales up 18 percent
Cumulative pending home sales were up 18 percent in Miami-Dade County in August, compared to the same period in 2010, according to the Miami Association of Realtors. There were a total of 11,915 single-family home and condominium sales in August, up from 10,119 the year before. The Miami real estate market continues to outperform the nation. Rising pending sales reflect market strengthening that has resulted from our market's increasing attraction to foreign, vacation and second-home buyers. Condo sales outperformed single-family homes in August, however, with a 21 percent jump compared to 2010.