Miami Real Estate Report, December 2021 Statistics

Miami Real Estate is in demand and it’s a movement, not a moment. I’m writing this in Orlando attending the Florida Realtors Mid-Winter Meetings and just came out of the Real Estate Trends program presented by Chief Economist, Brad O’Connor, PhD. There was quite a discussion about the effects of the pandemic, Florida being open, people coming for a more quality life, working remotely, liking it and staying, no income tax, and a business welcoming environment. And due to dramatic increases in rentals, renters and investors are buying too. The entire state saw major increases in number of sales, and prices. And Miami had the biggest increases. Condo sale were up 28.4% from last year and 80.9% YTD. Single Family sales, due to a lack of inventory, were down 1.2%. Condo & SFH median prices were up 29.3% 15.4% respectively.

KEY NUMBERS (Compared to December 2020)

  • Number of Condo Sales Up 28.4% YTD 80.9%
  • Number of Single Family Sales Down 1.2% YTD Up 18.5%
  • Median Condo Price – Up 29.3% YTD 24.1%
  • Median Single Family Price Up 15.4%
  • Closed Dollar Volume
    • Condos $1.4Bill. Up 68.5%
    • SFH $1.7Billion Up 27.7%

Statistics about traditional, foreclosure/REO, and short sales. One is done over closed sales percentages. The other is done over median sale price. Statistics chart for new listing by initial listing price and inventory by current listing price. Statistics chart for closed sales by sale price and median time to contract by sale price. Statistics chart for inventory (active listings) and month’s supply of inventory. Both have year-to-date (monthly average) and monthly statistics. Statistics chart for new pending sales and new listings. Both have year-to-date and monthly statistics. Statistics chart for median time to contract and median time to sale. Both have year-to-date and monthly statistics. Statistics chart for dollar volume price and median percent of original list price. Both have year-to-date and monthly statistics. Statistics chart for median sale price and average sale price. Both have year-to-date and monthly statistics. Statistics chart for cash sales and cash sales as a percentage of closed sales. Both have year-to-date and monthly statistics. Summary statistics for all September statistics. Close sales statistics chart, with monthly changes and year-to-date numbers.

Share:

Copyright ©. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements including but not limited to square footage, room count, number of bedrooms, or designated school, and should be independently verified and expressly disclaim any liability in connection therewith. While, information from this website including market statistic data is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All material presented herein is intended for information purposes only. No financial or legal advice provided. Equal Housing Opportunity.