Miami Real Estate Records Best August Sales Month in History; Condo Transactions Up 70.1% Year-over-Year in August 2021

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Miami-Dade County real estate broke another record, posting its best August sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

MIAMI, Sept. 22, 2021 /PRNewswire-PRWeb/ — Miami-Dade County real estate broke another record, posting its best August sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Miami-Dade County total home sales surged 30.6% year-over-year in August 2021, from 2,527 sales to 3,299. Miami single-family home transactions decreased 3.5%, from 1,357 to 1,309. Miami existing condo sales increased 70.1%, from 1,170 to…

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