Miami-Dade Condo Sales Up 98 Percent

Sales in Miami-Dade County surged in November 2009, with existing single-family homes increasing by 24 percent and existing Miami-Dade condo sales rising 98 percent. Broward County's numbers were even more impressive, with single-family home sales surging 39 percent and existing condo sales rising a staggering 103 percent.

"Rapid inventory absorption leads inevitably to price stabilization," stated Katerina Brosda, president of Brosda & Bentley Realtors in Sunny Isles Beach, whose company reported earlier the median sales price in Sunny Isles Beach increased 4.1 percent during the period from September 2009 through November 2009.    

Interest rates for a 30-year fixed-rate mortgage averaged 4.88 percent last month, a significant drop from the average rate of 6.09 percent in November 2008, according to Freddie Mac.

The inventory of listings in Miami-Dade County according to the Southeast Florida Multiple Listing Service has dropped more than 41 percent in the last 15 months - from 43,095 to 25,415 – and November 2009 brought a 2.8 percent decrease in just one month. Nationally, total housing inventory at the end of November declined 1.3 percent from the previous month.

The Brosda and Bentley website features more than 50,000 real estate listings. Users can search the MLS for free for the most comprehensive real estate data available.

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About Brosda & Bentley Realtors®

Brosda & Bentley Realtors® is the premier Miami real estate authority for home buying, home selling, financing and property listings. Whether it's a house an estate, beachfront mansion, luxurious oceanfront condo, pristine pre-construction, commercial or any other type of property, a Brosda & Bentley™ Real Estate Consultants can assist you with all your real estate needs in the Greater Miami area and the Beaches. Brosda & Bentley Realtors® is specialized in luxurious developments like Acqualina, Apogee South Beach, Continuum Towers SoBe, Fisher Island, Fontainebleau, Gansevoort SoBe, ICON South Beach, Jade Beach, Jade Ocean Sunny Isles, Ocean IV, Trump Palace, Trump Royale, Trump Hollywood, Trump Towers Miami, Turnberry Ocean Colony, Ten Museum Park, St. Regis Bal Harbour, Portofino Tower, St. Tropez Condo Sunny Isles Beach and many, many more.

On a worldwide scale Brosda & Bentley™ is a leading professional real estate services firm specializing in marketing planned unit developments, residential and commercial properties located in exclusive real estate markets throughout the globe.