Miami Real Estate Report, September 2021 Statistics
As predicted, we still have a very strong market compared to 2020 and 2019 but the intense past appears to be easing up. Condo sales are up 45.2% over last September and 105% YTD but compared to last month, down 11% with Median prices up 24.5% from last year and 24% YTD but down 1.5% compared to last month with the same trend for average prices and dollar volume. Single Family Closed sales are slightly down because of the low inventory. The Median price is up 11.5% over last September and up 25.6% YTD but compared to last month there were dips in the Median Price of 3%, Average Price of 8.7% and dollar volume 14.3%. Good news for sellers – values are up substantially over last year. Good news for Buyers – the, rapid increases in prices appears to be waning. It’s a good time to sell and with interest rates at an all-time low, a good time to buy. affects you.
KEY NUMBERS (Compared to September 2020)
- Number of Condo Sales Up 45.2% YTD 104.8%
- Number of Single Family Sales Down 3.6% YTD Up 27.9%
- Median Condo Price – Up 24.5% YTD 24%
- Median Single Family Price Up 11.5%
- Closed Dollar Volume
- Condos…..$982.9M Up 81.5%
- SFH……….$1.2billion Up 21.8%
