#MarketWatchMonday Time! Miami single-family house median prices increased 19% year over year, from $420,000 to $500,000. Median prices have now risen for 39 consecutive quarters, a trend that has lasted 9.75 years. Miami existing condo median prices increased 26.9% year over year, from $264,000 to $335,000. Rising median prices are a national trend, as record-low mortgage rates and growing availability of remote employment and education have boosted demand for property. Prices rise as a result of a lack of inventory in comparison to high demand.
