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The housing prices in Miami-Dade County fell even more and for the first time in months the same thing happened in Broward County, making home buyers hopeful again..

The average sales price of single-family homes went from $570,000 in August to $551,250 in September. For Condos, prices went from $380,000 to a $375,000, according to the monthly sales report released by the Miami Association of Realtors.

The price decreases in South Florida happens, after climbing steadily from September 2021 through June 2022 and reaching historic high peaks of $579,000 for a house and $410,000 for a condo.

Read More: https://www.wptv.com/money/real-estate-news/south-florida-home-prices-fall-but-key-issue-remains

Price reduction in South Florida homes. What does it means?

About AMG International Realty

AMG International Realty is a full-service luxury brokerage firm in South and Central Florida. We are a one-stop-shop realty. If you are interested in in buying or selling real estate in Florida, get in touch today: +1 305 318 6968 (Heloisa Arazi).