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Miami home sales slow on broader economic concerns 

Aug 25, 2011By

July home sales in the greater Miami area fell 10.5% from June as fewer high-end buyers acquired properties and the sale of new homes plummeted to record lows, DataQuick said Thursday. The survey, which includes the counties of Miami-Dade, Palm Beach and Broward, recorded 8,820 closings on new and resale homes in Miami last month, down 1.1% from last year but a steep drop from June.

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