The Miami Association of Realtors recently reported that Miami-Dade County real estate posted its best April sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates fueled a double-digit sales increase for the eighth consecutive month.
Miami-Dade County total home sales surged 151.3% year-over-year, from 1,576 to 3,960. Miami single-family home transactions rose 83.1%, from 865 to 1,584. Miami existing condo sales increased 234.2%, from 711 to 2,376.
This is far and away the best April selling month since MIAMI began tracking stats in 1993. The next best April occurred in April 2014 when Miami-Dade County had 2,712 total home sales, or 1,248 fewer than April 2021. Miami total home sales are up 50.6% in April 2021 vs. April 2019, from 2,630 to 3,960. Miami single-family home sales (25.2% increase) and condo transactions (74.1% jump) show major gains compared to April 2019.
Source: World Property Journal 6/7/21