Miami Real Estate Report, June 2021 Statistics
Compared to last year the numbers are booming. Condo sales up 212.8% and dollar volume up 376%but comparing to June 2019 – pre-pandemic – the numbers are still strong, sales up more than double and volume up 2.5 times. Single Family numbers are strong but not as exaggerated as condos as the single family market was hot before the condo craze kicked in. There is strong demand for Miami real estate . It’s a Seller’s market with low inventory and high demand. Buyers are buying higher priced properties. Condos sales over $1 million were up 614% and Single Family sales up 253%. Median prices for both condos and single family were up close to 30% but keep in mind that this is a reflection of higher priced properties being sold. We anticipate a continued strong market with a possible slower pace.
KEY NUMBERS (Compared to June 2020)
- Number of Condo Sales Up 212.8% YTD 127%
- Number of Single Family Sales Up 41.6% YTD 46%
- Median Condo Price – Up 28.7% YTD 28.3%
- Median Single Family Price Up 30% YTD 21%
- Closed Dollar Volume
- Condos – $1.6billion Up 376%
- SFH – $1.5billion Up 121%
