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Elliman Report: Miami Beach + Barrier Islands Sales 2Q 2015

Rising prices continued to pull more inventory into the market causing the frantic pace to ease. Median sales price rose 9% to $425,000 from the prior year quarter. Average sales price slipped 4.5% to $907,934 over the same period. This was skewed lower by the 9% drop in average square feet to 1,390. Overall inventory expanded 15.6% to 4,256 listings from the prior year quarter, with a 16.9% increase of condo listings and a 6.5% increase of single family listings…

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