Miami’s real estate market posted stellar numbers in November, particularly among middle-tier and luxury homes, a new report from the Miami Association of Realtors and local MLS showed. Single-family home sales jumped 13.1 percent year-over-year last month – a massive rebound from October’s 12.9 percent decrease – with notable increases in the city’s middle-tier (45.2 percent) and luxury (43.4 percent) markets. MIAMI Chairman Mark Sadek explained the yo-yoing as a result of election proximity. “The political uncertainty led some homebuyers to pause and take a wait-and-see approach with real estate,” Sadek said. “Now that the election is over and there’s more certainty about the direction of the country, home buying should increase for a South Florida region that’s seeing sustained population and job growth.”


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