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August 2022 Condo Real Estate Report
Miami Real Estate Report, August 2022 Statistics KEY NUMBERS (Compared to August 2021) Number of Condo Sales Down 26% Number of Single Family Sales Down 21.2% Median Condo Price – Up 11.9% Median Single Family Price Up 10.1% Inventory (Active Listings) Condos Down 23.8% SFH Up 26% As we watch this changing market, we see some bigger Percentage changes from August 2021 but more subtle changes compared to last month. Condo closed sales were down 26% YoY, but up 7% from July with only 0.02% distressed sales. Single Family YoY…
July 2022 Single Family Home Real Estate Report
Miami Real Estate Report, July 2022 Statistics KEY NUMBERS (Compared to July 2021) Number of Condo Sales Down 39.1% Number of Single Family Sales Down 27.2% Median Condo Price – Up 11.8% Median Single Family Price Up 10.7% Inventory (Active Listings) Condos Down 26.3% SFH Up 26% For more than two years of intense real estate sales, we are seeing a more normalized market. Total July sales of 2375 are down considerably from last July but the average number of July sales in years 2016-2019 was 2325. The condo median…
July 2022 Condo Real Estate Report
Miami Real Estate Report, July 2022 Statistics KEY NUMBERS (Compared to July 2021) Number of Condo Sales Down 39.1% Number of Single Family Sales Down 27.2% Median Condo Price – Up 11.8% Median Single Family Price Up 10.7% Inventory (Active Listings) Condos Down 26.3% SFH Up 26% For more than two years of intense real estate sales, we are seeing a more normalized market. Total July sales of 2375 are down considerably from last July but the average number of July sales in years 2016-2019 was 2325. The condo median…