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Is it a good time to buy a home in South Florida? Check the new sales trends

Miami-Dade home sales rose over 5% year-over-year, with single-family homes up 8% and condos nearly 3%. Inventory dropped 11%, pushing prices up, especially condos, which saw a 1% price increase despite still being a buyer’s market. Single-family homes are in a seller’s market with five months of supply. Broward County saw a 4% sales increase, luxury home sales up 37%, and inventory down 16%, with similar market conditions.

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Karen

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