Miami Condo Sales Highest for April Since 2005

And total Miami-area home sales in April were the highest for that month since 2006, according to DQ News.  "The overall median sale price rose slightly from March but fell short of a year ago for the 43rd consecutive month amid near-record-high levels of investor and cash buying." In other words, markets are working - falling prices stimulated April sales to a five-year high (six-year high for condos).  If we measured home sales like we car sales - in terms of unit sales - the real estate market would look a lot better.