DQNews -- "Miami-area March home sales rose to a five-year high for that month amid especially robust condo resales, which represented a record 53.1 percent of all homes sold. Sales to cash buyers, investors and others snapping up sub-$100,000 homes helped keep the region's overall median sale price pinned at $120,000 - the lowest level in more than a decade.
In March, 10,238 new and resale houses and condos closed escrow in the metro area encompassing Miami-Dade, Palm Beach and Broward counties. March sales rose 39.1 percent from the prior month and increased 18.2 percent from a year earlier. March's 39.1 percent sales gain from February was higher than the normal, seasonal increase. March's total sales were the highest for that month since 2006 (when 16,199 homes sold)."
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