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Elliman Report: Miami Beach + Barrier Islands Sales 3Q 2016

The Miami Beach housing market was characterized by a modest rise in price year to date, but with longer marketing times and more inventory. Median sales price year to date rose 2.5% to $410,000 while median sales price for the third quarter declined 4.9% to $383,750 respectively from the same period last year. The only market segments to see both a gain in market share and an increase in market share were the 1-bedroom condo market and the 5-bedroom single-family market…

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