Reflecting a nationwide trend, Miami home prices jumped significantly in May even as closed sales and the number of new listings had an uneven month.

Median sales price for single-family homes and condominiums in Miami-Dade both increased in May, according to sales statistics for the month released by the Miami Association of Realtors. Single-family home prices rose to $350,000, a 7.7 percent increase from the previous May. The median condo sales price in May was $245,000, a 9 percent increase over May 2018 totals.

Both figures beat out the national average for home price increases recorded in May. CoreLogic reported a 7 percent increase in nationwide median home price in May compared to the same month last year. That increase was good for the largest jump in four years.

CoreLogic chalks up the nationwide increase to a shortage of supply in some areas, particularly popular cities like Denver and Seattle. But Miami doesn’t appear to have the same problem with inventory as other major cities.

For single-family homes, new listings dropped in May by 0.4 percent, but the number of active listings increased by that same margin, according to the Miami Association of Realtors. The single-family home market has six months of supply, a 7 percent increase from May 2017 and just enough to be considered a healthy market.

New condos, however, continue to pour onto the market. Closed sales in May jumped by half a percent and new listings increased by 8 percent, according to the association. Inventory increased slightly to 14 months.

Miami’s luxury market had a particularly strong May, with expensive condos leading the way. The entire luxury market saw sales increase by 24 percent, but condos sales jump by a whopping 59 percent, according to the association.