Which property was the hottest property in Miami-Dade County this year?
Updated May 22, 2019 05:00:50 The market for Miami-area real estate in 2019 continues to be dominated by the city of Miami, and it’s up.
While the market for all properties in the county continued to improve this year, Miami-dade County saw a slight uptick in sales for the first time in 2018, as a lot of people moved to the area.
According to the Real Estate Board of Miami (REBO), which tracks sales and rentals in the region, the market increased by 3.2% for the year.
That means the market in Miami for homes was up 0.7% compared to the same time last year.
The average price of a Miami-based home increased 5.3% from the previous year, to $939,800.
The median price for a home in the area was up by 5.9%, to $2,724,300.
The average price for rentals in Miami rose by 4.4%, to more than $2 million.
But Miami-Florida is a very expensive place to live, especially when it comes to housing.
The state’s median home price was $2.5 million, while the average rental price was just over $2 a month.
The market in the Sunshine State is also not cheap for renters, with a median home rent of $2 per square foot, according to Realtor.com.
According to RealtyTrac, Miami is the second-most expensive place in the U.S. for rental homes, behind only Seattle.
But that is the case because many people are choosing to live in the metro area and are willing to pay a bit more for a better deal.
In the most recent REBO survey, the median home value in the Miami metro area was $5.5, while it was just $3,000 in the rest of the state.
And even though the median income in the state is slightly higher than the national average, it is still $24,500 below the national median.
For more on home sales and the region as a whole, read Realtors.com’s annual home market report.