Miami single-family homes and condos continued to see double-digit price appreciation in August. The Miami real estate market continues to entice both domestic and international buyers, and this unprecedented demand is driving up home sales and prices.

Single-family home sales in Miami rose 15.1% in August, from 1,051 sales a year prior to 1,210 transactions this year. Miami condo sales increased 7.9% to 1,592 sales this August from 1,476 sales in August of 2012.

While inventory is slightly increasing, sales are continuing to break records. Numerous new condo developments in Miami are in various stages of planning to help meet the robust demand.

Miami