Miami-Dade's housing market shows steady recovery with a 1.2% rise in residential transactions and a 2.8% increase in single-family sales. Luxury home sales surged over 21%, with cash buyers comprising 44% of purchases. Median single-family home prices rose 3.7% to $699,990; condos reached $420,000. Inventory remains 25% below pre-pandemic levels. Distressed sales are near historic lows, and multifamily construction is strong, supported by workforce housing incentives.
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