Market Snapshot
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Miami Single Family Homes | August 2023 | August 2022 | % Change Year-over-Year |
Closed Sales | 948 | 1,032 | -8.1% |
% Paid in Cash | 28.0% | 29.0% | -3.5% |
Median Sale Price | $620,000 | $551,250 | 12.5% |
Dollar Volume | $1,000,690,788 | $1,000,480,656 | 0.0% |
% of Original List Price Received | 97 | 98 | 0% |
Median Time to Contract | 23 | 21 | 9.5% |
Median Time to Sales | 64 | 61 | 4.9% |
Active Inventory | 3,062 | 3,813 | -19.7% |
Months Supply of Inventory | 3.5 | 3.3 | 6.1% |
Miami Townhomes & Condos | August 2023 | August 2022 | % Change Year-over-Year |
Closed Sales | 1,230 | 1,473 | -16.5% |
% Paid in Cash | 49.8% | 47.3% | 5.0% |
Median Sale Price | $416,000 | $375,000 | 10.9% |
Dollar Volume | $854,845,080 | $801,724,440 | 6.6% |
% of Original List Price Received | 97 | 98 | -1% |
Median Time to Contract | 34 | 23 | 47.8% |
Median Time to Sales | 76 | 65 | 16.9% |
Active Inventory | 6,405 | 6,300 | 1.7% |
Months Supply of Inventory | 5.4 | 3 | 58.8% |
Broward Single Family Homes | August 2023 | August 2022 | % Change Year-over-Year |
Closed Sales | 1,178 | 1,202 | -2.0% |
% Paid in Cash | 25.3% | 24.3% | 4.1% |
Median Sale Price | $600,000 | $562,500 | 6.7% |
Dollar Volume | $941,860,476 | $896,241,250 | 5.1% |
% of Original List Price Received | 97 | 98 | -1% |
Median Time to Contract | 23 | 18 | 27.8% |
Median Time to Sales | 62 | 56 | 10.7% |
Active Inventory | 2,893 | 3,458 | -16.3% |
Months Supply of Inventory | 2.8 | 2.5 | 12.0% |
Broward Townhomes & Condos | August 2023 | August 2022 | % Change Year-over-Year |
Closed Sales | 1,232 | 1,498 | -17.8% |
% Paid in Cash | 50.3% | 54.0% | -6.8% |
Median Sale Price | $275,000 | $265,000 | 3.8% |
Dollar Volume | $416,565,072 | $526,952,958 | -20.9% |
% of Original List Price Received | 97 | 99 | -2.6% |
Median Time to Contract | 26 | 16 | 62.5% |
Median Time to Sales | 69 | 57 | 21.1% |
Active Inventory | 4,635 | 3,577 | 29.6% |
Months Supply of Inventory | 3.8 | 2.1 | 81.0% |
Palm Beach Single Family Homes | August 2023 | August 2022 | % Change Year-over-Year |
Closed Sales | 1,249 | 1,292 | -3.33% |
% Paid in Cash | 42.8% | 41.1% | 4.0% |
Median Sale Price | $605,000 | $565,000 | 7.08% |
Dollar Volume | $1,118,387,074 | $1,140,799,824 | -2.0% |
% of Original List Price Received | 96 | 97 | -1% |
Median Time to Contract | 24 | 18 | 33.33% |
Median Time to Sales | 70 | 58 | 20.69% |
Active Inventory | 3,405 | 3,865 | -11.90% |
Months Supply of Inventory | 2.9 | 2.7 | 7.4% |
Palm Beach Townhomes & Condos | August 2023 | August 2022 | % Change Year-over-Year |
Closed Sales | 1,066 | 1,018 | 4.7% |
% Paid in Cash | 56.1% | 57.3% | -2.0% |
Median Sale Price | $305,000 | $291,000 | 4.8% |
Dollar Volume | $476,899,618 | $416,507,574 | 14.5% |
% of Original List Price Received | 96 | 97 | -2% |
Median Time to Contract | 28 | 17 | 64.7% |
Median Time to Sales | 71 | 56 | 26.8% |
Active Inventory | 3,548 | 2,768 | 28.2% |
Months Supply of Inventory | 3.6 | 2.1 | 71.4% |
Martin Single Family Homes | August 2023 | August 2022 | % Change Year-over-Year |
Closed Sales | 164 | 187 | -12.3% |
% Paid in Cash | 44.5% | 48.7% | -8.5% |
Median Sale Price | $575,000 | $660,000 | -12.9% |
Dollar Volume | $128,268,828 | $158,683,525 | -19.2% |
% of Original List Price Received | 95 | 96 | 0% |
Median Time to Contract | 25 | 21 | 19.0% |
Median Time to Sales | 67 | 63 | 6.3% |
Active Inventory | 462 | 490 | -5.7% |
Months Supply of Inventory | 2.9 | 2.6 | 11.5% |
Martin Townhomes & Condos | August 2023 | August 2022 | % Change Year-over-Year |
Closed Sales | 94 | 90 | 4.4% |
% Paid in Cash | 60.6% | 57.8% | 5.0% |
Median Sale Price | $291,000 | $304,500 | -4.4% |
Dollar Volume | $33,486,560 | $30,592,980 | 9.5% |
% of Original List Price Received | 95 | 98 | -2.8% |
Median Time to Contract | 27 | 16 | 68.8% |
Median Time to Sales | 65 | 57 | 14.0% |
Active Inventory | 291 | 211 | 37.9% |
Months Supply of Inventory | 3.3 | 2.1 | 57.1% |
Saint Lucie Single Family Homes | August 2023 | August 2022 | % Change Year-over-Year |
Closed Sales | 505 | 549 | -8.0% |
% Paid in Cash | 25.3% | 22.0% | 15.0% |
Median Sale Price | $395,000 | $390,000 | 1.3% |
Dollar Volume | $214,634,090 | $232,792,470 | -7.8% |
% of Original List Price Received | 98 | 100 | -2.5% |
Median Time to Contract | 29 | 16 | 81.3% |
Median Time to Sales | 70 | 61 | 14.8% |
Active Inventory | 1,311 | 1,625 | -19.3% |
Months Supply of Inventory | 2.7 | 2.7 | 0.0% |
Saint Lucie Townhomes & Condos | August 2023 | August 2022 | % Change Year-over-Year |
Closed Sales | 112 | 81 | 38.3% |
% Paid in Cash | 49.1% | 37.0% | 32.6% |
Median Sale Price | $324,950 | $275,000 | 18.2% |
Dollar Volume | $43,253,840 | $27,462,402 | 57.5% |
% of Original List Price Received | 96 | 98 | -1.1% |
Median Time to Contract | 37 | 18 | 105.6% |
Median Time to Sales | 78 | 54 | 44.4% |
Active Inventory | 376 | 228 | 64.9% |
Months Supply of Inventory | 4.4 | 2.1 | 109.5% |
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