Residential real estate prices rise in Miami market

Today provided a glimmer of hope for those of us affected by the Florida real estate market as reports indicated that after nearly three years of a downward trend, prices for residential real estate finally went up in April.

Experts state that the market is finding its equilibrium and point out that areas such as Coral Gables, Miami Beach and parts of Coconut Grove, have kept their prices up, which is in line with what we have been seeing here at Federal Title.

Although it may be too early to predict whether sales prices will continue to increase, it seems to be a step in the right direction.