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August 2023 Single Family Home Real Estate Report
Miami Real Estate Report, August 2023 Statistics KEY NUMBERS (Compared to August 2022) Number of Condo Sales Down 16.5% Number of Single Family Sales Down 8.1% Median Condo Price – Up 10.9% & 5.4% YTD Median SFH Price Up12.5% & 9.1% YTD Inventory Condos Down 1.7% SFH Down 19.7% Days On Market Condos 34 Days SFH 23 Days Pending Inventory Condos Down 12.9% SFH Down 7.6% Months Supply Condos 5.4 months SFH 3.5 months Closed sales for both condos and single family are still down, 16.5% and 8.1% respectively compared…
August 2023 Condo Real Estate Report
Miami Real Estate Report, August 2023 Statistics KEY NUMBERS (Compared to August 2022) Number of Condo Sales Down 16.5% Number of Single Family Sales Down 8.1% Median Condo Price – Up 10.9% & 5.4% YTD Median SFH Price Up12.5% & 9.1% YTD Inventory Condos Down 1.7% SFH Down 19.7% Days On Market Condos 34 Days SFH 23 Days Pending Inventory Condos Down 12.9% SFH Down 7.6% Months Supply Condos 5.4 months SFH 3.5 months Closed sales for both condos and single family are still down, 16.5% and 8.1% respectively compared…
July 2023 Condo Real Estate Report
Miami Real Estate Report, July 2023 Statistics KEY NUMBERS (Compared to July 2022) Number of Condo Sales Down 17.1% Number of Single Family Sales Down 8.9% Median Condo Price – Up 10.5% & 5.1% YTD Median SFH Price Up10.8% & 8.2% YTD Inventory Condos Down 2.3% SFH Down 23.3% Days On Market Condos 32 Days SFH 24 Days Pending Inventory Condos Down 12.2% SFH Down 6.9% Months Supply Condos 5.1 months SFH 3.2 months Important indicators to keep an eye on: Condo closed sales are closing in 32 days with…