Residential real estate prices rise in Miami market

Today provided a glimmer of hope for those of us affected by the Florida real estate market as reports indicated that after nearly three years of a downward trend, prices for residential real estate finally went up in April.

Experts state that the market is finding its equilibrium and point out that areas such as Coral Gables, Miami Beach and parts of Coconut Grove, have kept their prices up, which is in line with what we have been seeing here at Federal Title.

Although it may be too early to predict whether sales prices will continue to increase, it seems to be a step in the right direction.

Leave a comment

You are commenting as guest.
  • Ways to save at closing

    Title charges are the largest chunk of closing costs and can vary by hundreds of dollars.

    Learn more

  • What are closing costs?

    The real estate closing process involves loan steps, legal steps and title steps.

    Learn more

  • What's title insurance?

    Insure your legal ownership just like you'd insure the building, but for lots cheaper.

    Learn more

Connect with us

Our blog contains general information only, not intended to be relied upon as, nor a substitute for, specific professional advice. Rate tables and figures that appear on our blog are deemed reliable but not guaranteed. For current rates & policies, refer to our Quick Quote and Consumer Guide. We accept no responsibility for loss occasioned to any purpose acting on or refraining from action as a result of any material on our blog.