South Florida prices for condominiums and single-family homes climbed even higher in March, despite more inventory.
In Miami-Dade County, the median price for condo resales was up by almost 20 percent to $235,000 year-over-year. The change was a 13 percent increase compared to the previous month. The resale price of single-family homes in the county climbed 4.4 percent to $235,000 year-over-year.
In Broward County, existing single-family homes saw a 10.7 percent year-over-year boost in median price to $268,500. Median condo prices surged by almost 26 percent to $120,000, compared to March 2013.