Miami Real Estate Report, April 2021 Statistics
KEY NUMBERS (Compared to April 2020)
- Number of Condo Sales Up 234% YTD 85.8%
- Number of Single Family Sales Up 83% YTD 39%
- Median Condo Price – Up 22.6% YTD 17.3%
- Median Single Family Price Up 35% YTD 28%
- Inventory (# of listings)
- Condos Down 33.4%
- SFH Down 54.7%
Huge amounts of money are pouring into Miami Real Estate. Looking at Miami Beach condos for the first 4 months of 2021 compared to the same period in 2020 the median price is up 50%, number of sales up 123%, average price up 94% and dollar volumen up 332%. SFH’s had even higher numbers. In the greater Miami area in April the numbers are somewhat skewed because last April was impacted by the Pandemic so I am including Year To Date (YTD) numbers also. Dollar Volume for Condos up 458% in April and 189% YTD and Single Family Volume up 247% in April and 153% YTD. Sales of over $1million were up 541% for both Condos and Single Family. It’s time to buy and a great time to sell. Click on the links below for detailed reports.