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South Florida home prices keep rising, but sales growth is slowing

"South Florida existing home and condo prices rose again in February from a year earlier, but a slowing pace of sales amid rising inventory signals the housing market is cooling.
In Miami-Dade County, the median price of an existing single-family home rose 17% in February from a year earlier to $227,000, and was a hair above January’s level of $225,000, according to the Miami Association of Realtors.
The median price of a Miami-Dade condo rose 7.3% to $177,000 in February from a year earlier, but was down 4.8% from January.
Single-family home sales in Miami-Dade totaled 860 in February, up 1.3% from a year earlier, but down 4.9% from January.
Condo sales in Miami-Dade fell 4.1% in February from a year ago and were off 7.3% from January, as resales face intense competition from the rapidly growing selection of pre-construction condos on the market."  


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