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Aerial photo of South Pointe beach, with ocean and luxury convos in the backdrop

May 2023 Single Family Home Real Estate Report

Miami Real Estate Report, May 2023 Statistics KEY NUMBERS (Compared to May 2022) Number of Condo Sales Down 31.6%, Number of Single Family Sales Down 12.8% Median  Condo Price – Falt—no change Median Single Family Price Up 7.8% Inventory Condos up 25.7% SFH Up 8.2% Dollar Volume Condos Down 35.2% SFH Down 17.2% Pending Inventory Condos Down 29.6% SFH Down 8.2% Months Supply Condos 5.1 up 104% SFH 3.3 up 50% Increased market activity is evidenced by the increase in showing requests, increase in new pending sales, increased closed sales…

Aerial photo of South Pointe beach, with ocean and luxury convos in the backdrop

May 2023 Condo Real Estate Report

Miami Real Estate Report, May 2023 Statistics KEY NUMBERS (Compared to May 2022) Number of Condo Sales Down 31.6%, Number of Single Family Sales Down 12.8% Median  Condo Price – Falt—no change Median Single Family Price Up 7.8% Inventory Condos up 25.7% SFH Up 8.2% Dollar Volume Condos Down 35.2% SFH Down 17.2% Pending Inventory Condos Down 29.6% SFH Down 8.2% Months Supply Condos 5.1 up 104% SFH 3.3 up 50% Increased market activity is evidenced by the increase in showing requests, increase in new pending sales, increased closed sales…

Aerial photo of South Pointe beach, with ocean and luxury convos in the backdrop

April 2023 Single Family Home Real Estate Report

Miami Real Estate Report, April 2023 Statistics The market is becoming more normalized with condo closed sales being up 6 out of the last 7 months and Single Family Homes up 7 of the last 8 months and equal to pre-pandemic condo sales and just 10% off pre-pandemic SFH sales. Prices are holding with a 6.4% and 6.2% increase for condos and SFH respectively with months’ supply of inventory up close to double of last year. Distressed sales, including short sales and foreclosures – of condos and SFH – made…

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