Market Update June 2017

After the stasis of 2016, the market has been busy and active since the start of 2017. In May 2017 there was an increase of almost 10% in the number of sales compared with May 2016. Almost 72% of those sales were in the mid-market range, $200,000-$600,000. On June 30th the property appraiser’s office reported in the Miami Herald that property values had increased 8.4% from 1 year ago.