Miami-Dade: residential sales in the third quarter rose 15.2 percent, year-over-year, to 6,792 in Miami-Dade County, the highest surge of all three counties. Condo sales increased 16.7 percent to 3,524, and single-family home sales jumped 13.7 percent to 3,268. Sales volume totaled $3.1 billion, up 24 percent from $2.5 billion during the same quarter of last year. The third quarter of 2017 was slow due to the impact of Hurricane Irma, which could explain why sales experienced double-digit growth.The median price for single-family homes was $360,000 in the third quarter, up 8.5 percent year-over-year. Condo prices rose at a slower pace, increasing by 3.3 percent to $235,000.

Broward: overall closings increased nearly 6 percent in the third quarter to 8,252, and sales were equally divided between homes and condos. Single-family home sales increased 3.8 percent to 4,133 and condo sales rose 8.2 percent to 4,119. Closed sales volume totaled $2.69 billion, an 8.9 percent annual increase.The median price for single-family homes in Broward County rose slightly – by 1.4 percent – to $355,000 in the third quarter. Condo prices made bigger gains, with the median price increasing by 5.1 percent to $165,000.

(source: The Real Deal)