In Miami-Dade County, single-family home sales climbed 40.9% to 1,550 while the median sales price increased 28.3% to $491,250. Sales of $1 million-plus homes more than tripled with a 225% increase. Active listings plummeted 55%, so the supply of inventory at the current sales price fell to 2.4 months. That’s a seller’s market, with relatively little inventory for buyers to pick from.
Source: Florida Realtors
