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

February 2023 Single Family Home Real Estate Report

Miami Real Estate Report, February 2023 Statistics KEY NUMBERS (Compared to February 2022) Number of Condo Sales      Down 46.6% Number of Single Family Sales Down 27.8% Median  Condo Price – Up 2.6% Median Single Family Price Up 3.5% Inventory Condos up 26.4% SFH Up 63.5% Dollar Volume Condos Down 49.5% SFH Down 25.8% Pending Inventory Condos Down 46.6%  SFH Down 39.2% Not much has changed in the last few months. Closed sales are down, dollar volume is down and the inventory of pending sales – properties under contract – is…

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