Homes sales rose for the fifth consecutive month in Miami in July. The median price held steady, the third month that the median price didn’t drop from the previous month’s, according to MDA DataQuick. A total 7,942 new and resale houses and condos sold in July, up 2.8% from June and up 24.4% from July 2008. While the results mark the fifth straight month of year-over-year increases, it’s the second-lowest number of sales in the region for the month of July — last year’s marked the worst July total — since 1997, when MDA DataQuick began compiling data on the Miami area. Sales of existing homes and condos drove the improvement in sales figures. MDA DataQuick said while existing properties have seen year-over-year increases for eight months, new home sales have fallen on a year-over-year basis for 38 consecutive months. The median price paid for all homes was $160,000; steady from June, but down 36% from $250,000 in July 2008. Median prices have increased or stayed the same every month since May. Federal Housing Administration- (FHA) insured loans accounted for 46% of all July sales in the Miami region. Write to Austin Kilgore.
Most Popular Articles
HUD tests a new Operation Breakthrough for today’s housing crisis
“Gallia est omnis divisa in partes tres.” All Gaul is divided into three parts. Julius Caesar used those words more than 2,000 years ago to begin an account of military conquest. America’s housing affordability challenge might be described similarly. Like Gaul of yore, it divides into three parts: talk, action, and outcomes. Identifying the three […]
Jun 23, 2026
-
Why we can’t get more housing construction in the US
Jun 24, 2026 -
Fannie Mae to expand title pilot program, Pulte says
Jun 24, 2026 -
Housing demand holds steady as regional inventory trends reshape the market
Jun 25, 2026 -
Young buyers are priced out in most U.S. metros, Pew data shows
Jun 25, 2026 -
Mortgage performance steady in May as calendar drives delinquency bump
Jun 26, 2026
Latest Articles
Caregiver survey shows widespread burnout, with Gen Z hit hardest
Half of Gen Z caregivers said caregiving has damaged personal relationships, exceeding rates reported by millennials (41%) and Gen X (38%).
-
DeSantis signs Live Local 4.0 housing reform into Florida law
-
eXp agent builds top RealTrends Verified team despite cancer battle
-
The ROAD Act and the 26.4% regulatory cost stack on new homes
-
Midwestern markets emerge as hotspots for rental momentum
-
CFPB, facing staffing constraints, moves to expand mortgage credit box