Market Snapshot
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Miami Single Family Homes | January 2023 | January 2022 | % Change Year-over-Year |
Closed Sales | 593 | 1,008 | -41.2% |
% Paid in Cash | 28.7% | 25.0% | 14.7% |
Median Sale Price | $545,000 | $520,000 | 4.8% |
Dollar Volume | $588,886,359 | $1,025,656,128 | -42.6% |
% of Original List Price Received | 95 | 98 | -4% |
Median Time to Contract | 39 | 24 | 62.5% |
Median Time to Sales | 85 | 74 | 14.9% |
Active Inventory | 3,964 | 2,367 | 67.5% |
Months Supply of Inventory | 4.0 | 1.8 | 122.2% |
Miami Townhomes & Condos | January 2023 | January 2022 | % Change Year-over-Year |
Closed Sales | 809 | 1,637 | -50.6% |
% Paid in Cash | 53.8% | 49.4% | 8.1% |
Median Sale Price | $400,000 | $360,000 | 11.1% |
Dollar Volume | $540,530,923 | $1,041,888,294 | -48.1% |
% of Original List Price Received | 95 | 97 | -2% |
Median Time to Contract | 44 | 40 | 10.0% |
Median Time to Sales | 86 | 87 | -1.1% |
Active Inventory | 6,805 | 5,908 | 15.2% |
Months Supply of Inventory | 4.4 | 3 | 51.7% |
Broward Single Family Homes | January 2023 | January 2022 | % Change Year-over-Year |
Closed Sales | 677 | 1,113 | -39.2% |
% Paid in Cash | 26.4% | 26.9% | -1.6% |
Median Sale Price | $540,000 | $500,000 | 8.0% |
Dollar Volume | $505,351,389 | $841,047,354 | -39.9% |
% of Original List Price Received | 95 | 100 | -5% |
Median Time to Contract | 40 | 18 | 122.2% |
Median Time to Sales | 76 | 61 | 24.6% |
Active Inventory | 3,454 | 1,640 | 110.6% |
Months Supply of Inventory | 3.0 | 1.1 | 172.7% |
Broward Townhomes & Condos | January 2023 | January 2022 | % Change Year-over-Year |
Closed Sales | 875 | 1,446 | -39.5% |
% Paid in Cash | 57.8% | 52.1% | 11.0% |
Median Sale Price | $269,900 | $240,000 | 12.5% |
Dollar Volume | $334,220,250 | $459,820,770 | -27.3% |
% of Original List Price Received | 96 | 98 | -2.0% |
Median Time to Contract | 28 | 22 | 27.3% |
Median Time to Sales | 70 | 69 | 1.4% |
Active Inventory | 4,491 | 2,873 | 56.3% |
Months Supply of Inventory | 3.1 | 1.6 | 93.8% |
Palm Beach Single Family Homes | January 2023 | January 2022 | % Change Year-over-Year |
Closed Sales | 794 | 1,188 | -33.16% |
% Paid in Cash | 49.4% | 42.6% | 15.9% |
Median Sale Price | $582,500 | $526,500 | 10.64% |
Dollar Volume | $863,688,586 | $981,290,376 | -12.0% |
% of Original List Price Received | 93 | 99 | -6% |
Median Time to Contract | 41 | 15 | 173.33% |
Median Time to Sales | 85 | 59 | 44.07% |
Active Inventory | 4,202 | 1,727 | 143.31% |
Months Supply of Inventory | 3.4 | 1.1 | 209.1% |
Palm Beach Townhomes & Condos | January 2023 | January 2022 | % Change Year-over-Year |
Closed Sales | 694 | 1,123 | -38.2% |
% Paid in Cash | 63.5% | 63.4% | 0.2% |
Median Sale Price | $299,000 | $265,000 | 12.8% |
Dollar Volume | $324,187,526 | $477,818,532 | -32.2% |
% of Original List Price Received | 94 | 99 | -5% |
Median Time to Contract | 30 | 14 | 114.3% |
Median Time to Sales | 73 | 59 | 23.7% |
Active Inventory | 3,840 | 1,581 | 142.9% |
Months Supply of Inventory | 3.5 | 1.0 | 250.0% |
Martin Single Family Homes | January 2023 | January 2022 | % Change Year-over-Year |
Closed Sales | 113 | 142 | -20.4% |
% Paid in Cash | 49.6% | 54.2% | -8.6% |
Median Sale Price | $574,000 | $523,175 | 9.7% |
Dollar Volume | $74,013,644 | $146,836,662 | -49.6% |
% of Original List Price Received | 94 | 98 | -4% |
Median Time to Contract | 37 | 13 | 184.6% |
Median Time to Sales | 82 | 55 | 49.1% |
Active Inventory | 530 | 152 | 248.7% |
Months Supply of Inventory | 3.3 | 0.7 | 371.4% |
Martin Townhomes & Condos | January 2023 | January 2022 | % Change Year-over-Year |
Closed Sales | 50 | 89 | -43.8% |
% Paid in Cash | 60.0% | 65.2% | -7.9% |
Median Sale Price | $315,000 | $250,000 | 26.0% |
Dollar Volume | $19,751,600 | $32,489,183 | -39.2% |
% of Original List Price Received | 94 | 100 | -6.2% |
Median Time to Contract | 53 | 10 | 430.0% |
Median Time to Sales | 86 | 49 | 75.5% |
Active Inventory | 300 | 93 | 222.6% |
Months Supply of Inventory | 3.4 | 0.8 | 325.0% |
Saint Lucie Single Family Homes | January 2023 | January 2022 | % Change Year-over-Year |
Closed Sales | 357 | 489 | -27.0% |
% Paid in Cash | 30.8% | 25.6% | 20.5% |
Median Sale Price | $368,230 | $351,000 | 4.9% |
Dollar Volume | $141,313,095 | $184,996,035 | -23.6% |
% of Original List Price Received | 94 | 100 | -5.6% |
Median Time to Contract | 46 | 13 | 253.8% |
Median Time to Sales | 87 | 64 | 35.9% |
Active Inventory | 1,715 | 595 | 188.2% |
Months Supply of Inventory | 3.2 | 1.0 | 220.0% |
Saint Lucie Townhomes & Condos | January 2023 | January 2022 | % Change Year-over-Year |
Closed Sales | 56 | 97 | -42.3% |
% Paid in Cash | 58.9% | 45.4% | 29.9% |
Median Sale Price | $268,000 | $255,000 | 5.1% |
Dollar Volume | $16,807,728 | $30,134,602 | -44.2% |
% of Original List Price Received | 94 | 97 | -3.1% |
Median Time to Contract | 41 | 22 | 86.4% |
Median Time to Sales | 79 | 61 | 29.5% |
Active Inventory | 364 | 136 | 167.6% |
Months Supply of Inventory | 3.9 | 1.0 | 290.0% |
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