South Florida Real Estate Escalation

Good news for those in the South Florida housing market.  According to the Miami Association of Realtors, looking at figures for November 2011, there was a significant increase from the same timeframe last year.  However, numbers for October 2011 were slightly higher (so this indicates a drop now).   Still, it is good news.

Looking at Miami-Dade County there was mixed news too.  Although there was a drop of 10 percent in sales from last month to this, again there was an increase of a staggering 25 percent from November 2010 to November 2011.  It seems like the trend is thus set vis-à-vis October, November 2011 and November 2010. 

In general though, according to an official from the Miami Association of Realtors, this news is indicative of a “balanced and healthy marketplace.”