Although the summertime is usually a slow period for the Miami housing market, the opposite has held true so far this year.
According to CNBC financial reporter Diana Olick, the city had 1,390 sales in June, which is an 8.6 percent jump from the same period last year.
“An improving jobs market, historic low mortgages rates, and Miami’s reputation as a world-class global city continue to attract domestic and international homebuyers who want to live, work, and play in one of America’s most dynamic areas,” said Christopher Zoller, residential president of the Miami Association of Realtors.
Image via flickr/Ines Hegedus-Garcia
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