October Edition | Our Quick Recap of Miami Real Estate Market

It's good for you to know this...

Housing prices fell again last month in Miami-Dade County and dipped for the first time in months in neighboring Broward County, an uplifting sign for aspiring home buyers.

Miami-Dade’s median sale price dwindled to $551,250 for a single-family home in August, down from $570,000 the prior month, according to the monthly sales report released Wednesday by the Miami Association of Realtors. Condominium prices also dropped to a $375,000 midpoint from $380,000 in July.

What other data do we have about the market's behavior? Which new projects have been announced in the Miami area? What things should you know as a buyer/seller to be well informed? Let's talk.