South Florida Market Stats
January 2024
| Miami Single Family Homes | January 2024 | January 2023 | % Change Year-over-Year |
| Closed Sales | 644 | 593 | 8.6% |
| % Paid in Cash | 30.7% | 28.7% | 7.2% |
| Median Sale Price | $630,000 | $545,000 | 15.6% |
| Dollar Volume | $777,301,560 | $588,886,359 | 32.0% |
| % of Original List Price Received | 96 | 95 | 1% |
| Median Time to Contract | 32 | 39 | -17.9% |
| Median Time to Sales | 80 | 85 | -5.9% |
| Active Inventory | 3,856 | 3,964 | -2.7% |
| Months Supply of Inventory | 4.4 | 4.0 | 10.0% |
| Miami Townhomes & Condos | January 2024 | January 2023 | % Change Year-over-Year |
| Closed Sales | 770 | 809 | -4.8% |
| % Paid in Cash | 52.5% | 53.8% | -2.5% |
| Median Sale Price | $405,750 | $400,000 | 1.4% |
| Dollar Volume | $566,200,250 | $540,530,923 | 4.7% |
| % of Original List Price Received | 95 | 95 | 0% |
| Median Time to Contract | 47 | 44 | 6.8% |
| Median Time to Sales | 90 | 86 | 4.7% |
| Active Inventory | 8,421 | 6,805 | 23.7% |
| Months Supply of Inventory | 7.4 | 4 | 68.2% |
| Broward Single Family Homes | January 2024 | January 2023 | % Change Year-over-Year |
| Closed Sales | 707 | 677 | 4.4% |
| % Paid in Cash | 27.6% | 26.4% | 4.3% |
| Median Sale Price | $575,000 | $540,000 | 6.5% |
| Dollar Volume | $558,619,082 | $505,351,389 | 10.5% |
| % of Original List Price Received | 96 | 95 | 1% |
| Median Time to Contract | 38 | 40 | -5.0% |
| Median Time to Sales | 76 | 76 | 0.0% |
| Active Inventory | 3,838 | 3,454 | 11.1% |
| Months Supply of Inventory | 3.7 | 3.0 | 23.3% |
| Broward Townhomes & Condos | January 2024 | January 2023 | % Change Year-over-Year |
| Closed Sales | 855 | 875 | -2.3% |
| % Paid in Cash | 58.1% | 57.8% | 0.5% |
| Median Sale Price | $275,000 | $269,900 | 1.9% |
| Dollar Volume | $303,965,325 | $334,220,250 | -9.1% |
| % of Original List Price Received | 95 | 96 | -1.1% |
| Median Time to Contract | 42 | 28 | 50.0% |
| Median Time to Sales | 80 | 70 | 14.3% |
| Active Inventory | 7,494 | 4,491 | 66.9% |
| Months Supply of Inventory | 6.2 | 3.1 | 100.0% |
| Palm Beach Single Family Homes | January 2024 | January 2023 | % Change Year-over-Year |
| Closed Sales | 811 | 794 | 2.14% |
| % Paid in Cash | 49.3% | 49.4% | -0.1% |
| Median Sale Price | $615,000 | $582,500 | 5.58% |
| Dollar Volume | $952,159,416 | $863,688,586 | 10.2% |
| % of Original List Price Received | 94 | 93 | 1% |
| Median Time to Contract | 38 | 41 | -7.32% |
| Median Time to Sales | 82 | 85 | -3.53% |
| Active Inventory | 4,900 | 4,202 | 16.61% |
| Months Supply of Inventory | 4.2 | 3.4 | 23.5% |
| Palm Beach Townhomes & Condos | January 2024 | January 2023 | % Change Year-over-Year |
| Closed Sales | 633 | 694 | -8.8% |
| % Paid in Cash | 64.0% | 63.5% | 0.7% |
| Median Sale Price | $325,000 | $299,000 | 8.7% |
| Dollar Volume | $333,988,524 | $324,187,526 | 3.0% |
| % of Original List Price Received | 94 | 94 | 0% |
| Median Time to Contract | 35 | 30 | 16.7% |
| Median Time to Sales | 78 | 73 | 6.8% |
| Active Inventory | 5,785 | 3,840 | 50.7% |
| Months Supply of Inventory | 5.8 | 3.5 | 65.7% |
| Martin Single Family Homes | January 2024 | January 2023 | % Change Year-over-Year |
| Closed Sales | 107 | 113 | -5.3% |
| % Paid in Cash | 48.6% | 49.6% | -1.9% |
| Median Sale Price | $570,000 | $574,000 | -0.7% |
| Dollar Volume | $109,503,372 | $74,013,644 | 48.0% |
| % of Original List Price Received | 95 | 94 | 0% |
| Median Time to Contract | 50 | 37 | 35.1% |
| Median Time to Sales | 84 | 82 | 2.4% |
| Active Inventory | 636 | 530 | 20.0% |
| Months Supply of Inventory | 3.9 | 3.3 | 18.2% |
| Martin Townhomes & Condos | January 2024 | January 2023 | % Change Year-over-Year |
| Closed Sales | 61 | 50 | 22.0% |
| % Paid in Cash | 54.1% | 60.0% | -9.8% |
| Median Sale Price | $280,000 | $315,000 | -11.1% |
| Dollar Volume | $21,453,578 | $19,751,600 | 8.6% |
| % of Original List Price Received | 94 | 94 | 0.5% |
| Median Time to Contract | 45 | 53 | -15.1% |
| Median Time to Sales | 86 | 86 | 0.0% |
| Active Inventory | 508 | 300 | 69.3% |
| Months Supply of Inventory | 5.9 | 3.4 | 73.5% |
| Saint Lucie Single Family Homes | January 2024 | January 2023 | % Change Year-over-Year |
| Closed Sales | 283 | 357 | -20.7% |
| % Paid in Cash | 29.0% | 30.8% | -6.0% |
| Median Sale Price | $390,000 | $368,230 | 5.9% |
| Dollar Volume | $122,514,662 | $141,313,095 | -13.3% |
| % of Original List Price Received | 97 | 94 | 2.3% |
| Median Time to Contract | 34 | 46 | -26.1% |
| Median Time to Sales | 77 | 87 | -11.5% |
| Active Inventory | 1,893 | 1,715 | 10.4% |
| Months Supply of Inventory | 4.1 | 3.2 | 28.1% |
| Saint Lucie Townhomes & Condos | January 2024 | January 2023 | % Change Year-over-Year |
| Closed Sales | 52 | 56 | -7.1% |
| % Paid in Cash | 55.8% | 58.9% | -5.4% |
| Median Sale Price | $289,400 | $268,000 | 8.0% |
| Dollar Volume | $19,014,112 | $16,807,728 | 13.1% |
| % of Original List Price Received | 97 | 94 | 2.7% |
| Median Time to Contract | 43 | 41 | 4.9% |
| Median Time to Sales | 85 | 79 | 7.6% |
| Active Inventory | 634 | 364 | 74.2% |
| Months Supply of Inventory | 7.4 | 3.9 | 89.7% |
Summary Reports
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Miami-Dade County_Townhouses and Condos_2024-01_Summary
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St. Lucie County_Single Family Homes_2024-01_Summary
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Palm Beach County_Townhouses and Condos_2024-01_Summary
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Martin County_Single Family Homes_2024-01_Summary
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Palm Beach County_Single Family Homes_2024-01_Summary
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Martin County_Townhouses and Condos_2024-01_Summary
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Miami-Dade County_Single Family Homes_2024-01_Summary
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St. Lucie County_Townhouses and Condos_2024-01_Summary
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Broward County_Single Family Homes_2024-01_Summary
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Broward County_Townhouses and Condos_2024-01_Summary
Detailed Reports
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Palm Beach County_Townhouses and Condos_2024-01_Detail
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Miami-Dade County_Single Family Homes_2024-01_Detail
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Broward County_Single Family Homes_2024-01_Detail
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Miami-Dade County_Townhouses and Condos_2024-01_Detail
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St. Lucie County_Townhouses and Condos_2024-01_Detail
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Palm Beach County_Single Family Homes_2024-01_Detail
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St. Lucie County_Single Family Homes_2024-01_Detail
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Martin County_Townhouses and Condos_2024-01_Detail
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Martin County_Single Family Homes_2024-01_Detail
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Broward County_Townhouses and Condos_2024-01_Detail
South Florida Market Stat InfoGraphics and Videos. Download the South Florida Market Snapshot Info Graphics....
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