Number of monthly home sales in Miami declines slightly

May 21, 2015 7:38 PM

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Sales for existing homes in Miami-Dade County dropped slightly in April 2015 compared to April 2014, dragged down by a lack of interest in older condos as new luxury towers pop up on the beach and across the downtown.

But prices still rose last month in Miami, and the market in Broward County made gains in both home sales and values, according to reports released Thursday by the Miami Association of Realtors and the Greater Fort Lauderdale Realtors.

Also read: U.S. Existing Home Sales Fell in April

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