COVID is not taking a toll on real estate deals. Home sales are up in South Florida
The South Florida housing market is finally getting its time in the sun after months of weathering a storm. And condos, not just single-family homes, are feeling the warmth.
Broward and Miami-Dade saw 45% to 50% growth in year-over-year condo and single-family home sales, according to the Douglas Elliman July 2020 report. The percentage of new listings in some areas trailed behind in comparison to July 2019 while growing in others.
The report studied new signed contracts for condos and single-family homes priced below $200,000 to those above $1 million on the Multiple Listing Service, or MLS.