Miami Real Estate Report, March 2024 Statistics KEY NUMBERS (Compared to March 2023) · Number of Condo Sales Down 22.5% · Number of SFH Sales Down 4.8% · Median Condo Price – Up 11.3% · Median SFH Price Up 14% · Inventory Condos Up 39.4% SFH Up 14.2% · Days On Market Condos 43 Days SFH 31 Days · Pending Inventory Condos Down 8.9% SFH Down 4% Months Supply · Condos 8.2 months · SFH 4.3 months Closed Condo sales in March were down 22.5% from March 2023 and 10% down from March 2020 – pre-pandemic – when interest rates were low. The Miami Condo market has a high rate of cash sales accounting for 4 ..read more

Miami Real Estate Report, March 2024 Statistics KEY NUMBERS (Compared to March 2023) · Number of Condo Sales Down 22.5% · Number of SFH Sales Down 4.8% · Median Condo Price – Up 11.3% · Median SFH Price Up 14% · Inventory Condos Up 39.4% SFH Up 14.2% · Days On Market Condos 43 Days SFH 31 Days · Pending Inventory Condos Down 8.9% SFH Down 4% Months Supply · Condos 8.2 months · SFH 4.3 months Closed Condo sales in March were down 22.5% from March 2023 and 10% down from March 2020 – pre-pandemic – when interest rates were low. The Miami Condo market has a high rate of cash sales accounting for 4 ..read more

Miami Real Estate Report, February 2024 Statistics KEY NUMBERS (Compared to February 2023) Number of Condo Sales Down 2.5% Number of Single Family Sales Up 5.1% Median  Condo Price – Up 7.7% Median SFH Price Up 17.1% Inventory Condos Up 32.4% SFH Up 7.7% Days On Market Condos 49 Days SFH 35 Days Pending Inventory Condos Down 16.2% SFH Down 4.8% Months Supply Condos 7.8 months SFH 4.4 months A point of clarification. Today, March 21, 2024, is the day that all official real estate market statistics, for February, are released Nationally, Statewide and Locally ..read more

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The post December 2023 Single Family Home Real Estate Report appeared first on Ralph E. De MartinoMiami Real Estate ..read more

The post December 2023 Condo Real Estate Report appeared first on Ralph E. De MartinoMiami Real Estate ..read more

Miami Real Estate Report, November 2023 Statistics  KEY NUMBERS (Compared to November 2022) Number of Condo Sales Down 12% Number of Single Family Sales Down 1.5% Median  Condo Price – Up 6.3% & 5.1% YTD Median SFH Price Up 11.8% & 9.1% YTD Inventory Condos Up 12% SFH Down 10.1% Days On Market Condos 32 Days SFH 23 Days Pending Inventory Condos Down 10.4% SFH Down 0.8% Months Supply Condos 6.3 months SFH 4 months  In Miami-Dade County, there were 707 closed Single family sales and 944 condos sales in November. Those numbers are similar to t ..read more

Miami Real Estate Report, November 2023 Statistics  KEY NUMBERS (Compared to November 2022) Number of Condo Sales Down 12% Number of Single Family Sales Down 1.5% Median  Condo Price – Up 6.3% & 5.1% YTD Median SFH Price Up 11.8% & 9.1% YTD Inventory Condos Up 12% SFH Down 10.1% Days On Market Condos 32 Days SFH 23 Days Pending Inventory Condos Down 10.4% SFH Down 0.8% Months Supply Condos 6.3 months SFH 4 months  In Miami-Dade County, there were 707 closed Single family sales and 944 condos sales in November. Those numbers are similar to t ..read more

Miami Real Estate Report, October 2023 Statistics  KEY NUMBERS (Compared to October 2022) Number of Condo Sales      Down 7% Number of Single Family Sales Down 1.5% Median  Condo Price – Up 4.2% & 5.4% YTD Median SFH Price Up 7.5% & 8.7% YTD Inventory Condos Up 9% SFH Down 14.3% Days On Market Condos 33 Days SFH 26 Days Pending Inventory Condos Down 15.2% SFH Down 2.8% Months Supply Condos 6.3 months SFH 4 months In Miami-Dade County, there were 871 closed Single family sales and 1100 closed condos sales in October. Those numbers ..read more