Miami Home & Condo Sales Boomed Last Month Thanks To Tax Laws, Realtors Association Says

September 2019 was a strong month for residential sales in Miami, according to statistics from the Miami Association of Realtors.

Both single family homes and condo sales were up by double digits compared to the same period last year, fueled by people relocating from high-tax states, the Realtors Association said.

Total dollar volume of single family home sales in Miami-Dade county was up 19.8% compared to the prior year, while condo volume was up 14.5%. Newly constructed condos could have increased the dollar volume even more, but are not included in the report.

Overall year-to-date sales of both single family and condo sales are up compared to the previous year, but by a smaller percentage.

Inventory in Miami-Dade for both homes and condos are also lower than last year, another positive sign for the market.

 

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Anonymous

Somebody tell Mana.

Anonymous

Miami winning, as long as the exodus doesn’t bring high-tax policies down here… and no, higher taxes doesn’t mean the money will be spent on transit.

Anonymous

You mean, “high-tax policies” the way the Trump administration implemented on how much one can now claim for a tax break on the value of their house which started the so-called exodus from these high tax states?

Anonymous

Keep building!!! The cycle never ends in Miami!!

Anonymous

Uh huh… just like the early 2000’s….. LMAO

Anonymous

It’s what you expect ! but will be not

Anonymous

Are you saying this time is different? Not usually a good bet.

Anonymous

Hey you, any idea about the level of commercial and consumer debt right now as you pump your fist?! Simpletons. Keep it up. I know a ton of people in Shanghai back in the day who used to think buildings equal success. Kind of a ‘third world happy’ mentality….ooooh mommy look at those shiny buildings! Country bumpkins in this town.

Anonymous

I wish we would have politicians with a clear vision for the future of a growing Miami…all we get is incoherent piecemeals.

Anonymous

Explain “incoherent piecemeals?”

Anonymous

He’s already made a similar comment on another post. Looks like he just learned the phrase and added it to his vocabulary.

Anonymous

Lack of a real transit vision has led to incoherent piecemeals. Like fake trolleys as a substitute for trains in the most popular, high density areas. Also lack of a comprehensive vision on climate change which is going to help precipitate a market panic sometime down the road.

Anonymous

You are right but the sad truth is that no one really cares. It is not just politicians, as long as the money keeps flowing everyone seems to be happy.

Anonymous

Yes, but the politicians have the power to legislate that all new construction on the intracoastal must contribute to a uniform retaining wall to help mitigate impending sea level rise. The city should pay to finish the bay walk and instead have the developers pay for retaining walls.

Anonymous

LOL You own a bulkheading company?

Anonymous

Yes, according to the “scholars” at Earthday 1970, we only have 10 more years of a sustainable planet.

Anonymous

Please go comment on the Fox News site instead where this kind of wishful thinking denial of reality is gospel truth

Anonymous

Save your breath.. people of the same political persuasion like this person can’t help themselves. They’re told what to think and what to believe by Donald Trump, Fox News, and Rush Limbaugh.

Danny

Nah bruh