By Michael Gerrity, World Property Channel on January 23, 2013 8:00 AM
(Miami, FL) – According to the Miami Association of Realtors, Miami home sales set a new record in 2012, exceeding the previous record set in 2011 and even the height of the real estate boom in 2005.
The Miami real estate market cemented a strong comeback in 2012, as prices posted double-digit appreciation and sales rose despite a housing inventory shortage.
Year-end sales of single-family homes in Miami-Dade County rose 7.9 percent to 11,463 in 2012 compared to 10,625 in 2011. Sales of condominiums in 2012 increased 1.2 percent to 16,383 compared to 16,187 in 2011.
Click here to see the full Miami Enjoys Back-to-Back Years of Record Setting Sales Pace in 2012 article.