Condo prices fall in glamorous, sun-soaked city because there are now more apartments than agents can sell

New Photo - Condo prices fall in glamorous, sun-soaked city because there are now more apartments than agents can sell

Condo prices fall in glamorous, sun-soaked city because there are now more apartments than agents can sell


Sales of glamorous condos in Miami are cooling this summer, forcing owners to slash prices. The median sales price for a condo in the metro dropped to $420,000 in June, down 6 percent from this year's high of $445,000 in March. Condo values are now roughly the same as they were a year earlier, according to a report from the Miami Association of Realtors. But single-family properties in the county are continuing their astonishing twelve-and-a-half year streak of appreciation.
Read More >> Full Article on Source: MAG NEWS
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