March 20, 2020
Miami-Dade County total home sales increased year-over-year in February 2020 thanks to a rise in mid-market and $1-million-and-up transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
“The Miami real estate market and the local economy through February have reflected very solid expansion and fundamentals,” MIAMI Chairman of the Board Jorge L. Guerra Jr. said. “We continue to closely monitor the COVID-19 situation and are optimistic that the strong demand for local real estate, population growth, low interest rates, declining months of supply and the proven resilience and vitality of South Florida will bolster activity once the current situation is resolved.”>>