The good times keep on rolling in Miami's real estate market.

With yet another month of median price increases, April marked a five month long stretch of home price increases for Miami. Condos led the way with an incredible 30 percent year-over-year increase.

Single-family home prices also posted strong yearly increases at 8.2 percent. In addition to prices, here were some of the other positive details in the Miami Association of Realtor’s report:

• Existing single-family home sales in Miami-Dade were up 7.2 percent from April 2011, but condo sales were down 12.0 percent.
• Inventory continued to fall, declining in Miami-Dade by 34 percent from last year and by 4.04 percent just from March. Total housing inventory in the U.S. was up 9.5 percent over the same period, but down 20.6 percent from last year.
• Distressed properties remain in strong demand, accounting for 47 percent of Miami-Dade’s sales for April; still, that’s down from 59 percent last year and 49 percent in March.
• International buyers were busy as ever – all-cash sales were 64 percent of total closed transactions, with the financing method driving 46 percent of single-family sales and an amazing 77 percent of condo closings; nearly 90 percent of international buyers in Florida use all cash.

“Miami single-family home and condominium prices continue to trend upwards due to the record demand experienced last year,” said Martha Pomares, 2012 chairman of the board of the Miami Association of Realtors.  “Price appreciation should continue due to limited supply and strong demand from both U.S. and international buyers and investors.”