South Florida Market Stats

David GarciaFebruary 1, 2021May 3, 2022

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Miami Single Family Homes	February 2021	February 2020	% Change Year-over-Year
Closed Sales	1,093	884	23.6%
% Paid in Cash	20.5%	21.5%	-4.6%
Median Sale Price	$450,000	$370,000	21.6%
Dollar Volume	$1,020,073,947	$455,442,104	124.0%
% of Original List Price Received	97	95	2%
Median Time to Contract	30	65	-53.8%
Median Time to Sales	79	105	-24.8%
Active Inventory	3,128	6,238	-49.9%
Months Supply of Inventory	2.8	5.5	-49.1%

Miami Townhomes & Condos	February 2021	February 2020	% Change Year-over-Year
Closed Sales	1,392	978	42.3%
% Paid in Cash	47.8%	51.5%	-7.7%
Median Sale Price	$300,000	$255,000	17.6%
Dollar Volume	$859,270,464	$372,387,192	130.7%
% of Original List Price Received	94	94	0%
Median Time to Contract	60	85	-29.4%
Median Time to Sales	104	127	-18.1%
Active Inventory	11,735	14,960	-21.6%
Months Supply of Inventory	10.2	13	-19.0%


Broward Single Family Homes	February 2021	February 2020	% Change Year-over-Year
Closed Sales	1,243	1,004	23.8%
% Paid in Cash	20.6%	21.5%	-4.3%
Median Sale Price	$433,000	$385,000	12.5%
Dollar Volume	$786,301,912	$546,310,536	43.9%
% of Original List Price Received	98	96	2%
Median Time to Contract	22	56	-60.7%
Median Time to Sales	67	96	-30.2%
Active Inventory	2,338	4,863	-51.9%
Months Supply of Inventory	1.7	3.6	-52.8%

Broward Townhomes & Condos	February 2021	February 2020	% Change Year-over-Year
Closed Sales	1,451	1,155	25.6%
% Paid in Cash	50.9%	55.7%	-8.5%
Median Sale Price	$200,000	$180,500	10.8%
Dollar Volume	$421,633,031	$277,282,005	52.1%
% of Original List Price Received	95	94	1.1%
Median Time to Contract	46	63	-27.0%
Median Time to Sales	85	103	-17.5%
Active Inventory	6,466	8,026	-19.4%
Months Supply of Inventory	4.9	5.8	-15.5%


Palm Beach Single Family Homes	February 2021	February 2020	% Change Year-over-Year
Closed Sales	1,211	1,233	-1.78%
% Paid in Cash	41.0%	35.5%	15.3%
Median Sale Price	$450,000	$363,000	23.97%
Dollar Volume	$1,024,114,847	$750,673,827	36.4%
% of Original List Price Received	97	95	2%
Median Time to Contract	30	61	-50.82%
Median Time to Sales	73	103	-29.13%
Active Inventory	2,987	6,282	-52.45%
Months Supply of Inventory	2.0	4.2	-52.4%

Palm Beach Townhomes & Condos	February 2021	February 2020	% Change Year-over-Year
Closed Sales	1,107	1,015	9.1%
% Paid in Cash	58.3%	62.5%	-6.7%
Median Sale Price	$236,000	$189,000	24.9%
Dollar Volume	$482,573,403	$337,481,410	43.0%
% of Original List Price Received	95	94	2%
Median Time to Contract	40	59	-32.2%
Median Time to Sales	82	97	-15.5%
Active Inventory	4,600	6,170	-25.4%
Months Supply of Inventory	4.1	5.4	-24.1%


Martin Single Family Homes	February 2021	February 2020	% Change Year-over-Year
Closed Sales	207	170	21.8%
% Paid in Cash	38.2%	41.8%	-8.6%
Median Sale Price	$419,900	$372,000	12.9%
Dollar Volume	$148,890,132	$106,919,970	39.3%
% of Original List Price Received	96	95	1%
Median Time to Contract	34	51	-33.3%
Median Time to Sales	81	90	-10.0%
Active Inventory	350	923	-62.1%
Months Supply of Inventory	1.5	4.6	-67.4%

Martin Townhomes & Condos	February 2021	February 2020	% Change Year-over-Year
Closed Sales	103	85	21.2%
% Paid in Cash	65.0%	64.7%	0.5%
Median Sale Price	$208,500	$160,000	30.3%
Dollar Volume	$25,567,175	$18,190,340	40.6%
% of Original List Price Received	96	96	0.7%
Median Time to Contract	49	48	2.1%
Median Time to Sales	86	88	-2.3%
Active Inventory	252	411	-38.7%
Months Supply of Inventory	2.5	4.5	-44.4%


Saint Lucie Single Family Homes	February 2021	February 2020	% Change Year-over-Year
Closed Sales	445	366	21.6%
% Paid in Cash	25.8%	27.6%	-6.4%
Median Sale Price	$275,000	$235,000	17.0%
Dollar Volume	$138,379,870	$91,636,884	51.0%
% of Original List Price Received	99	97	2.2%
Median Time to Contract	16	53	-69.8%
Median Time to Sales	66	96	-31.3%
Active Inventory	907	1,877	-51.7%
Months Supply of Inventory	1.7	3.8	-55.3%

Saint Lucie Townhomes & Condos	February 2021	February 2020	% Change Year-over-Year
Closed Sales	101	86	17.4%
% Paid in Cash	65.3%	52.3%	24.9%
Median Sale Price	$255,000	$193,000	32.1%
Dollar Volume	$28,956,094	$21,861,716	32.5%
% of Original List Price Received	96	94	2.1%
Median Time to Contract	46	68	-32.4%
Median Time to Sales	77	97	-20.6%
Active Inventory	282	616	-54.2%
Months Supply of Inventory	2.5	6.3	-60.3%

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