According to a report from
Association of Realtors, Miamihome prices rose for the sixth consecutive month
in May, with a 22 percent increase in the median sales price of
condos. The median sales price of single-family homes rose 6 percent
in May; both increases were compared to the same period in 2011. “Miami home prices have experienced double-digit appreciation consistently over the
last six months,” said Martha Pomares, chairman of the board of the Miami
Association of Realtors.