South Florida Market Stats
March 2023
| Miami Single Family Homes | March 2023 | March 2022 | % Change Year-over-Year |
| Closed Sales | 1,093 | 1,411 | -22.5% |
| % Paid in Cash | 23.8% | 28.2% | -15.7% |
| Median Sale Price | $570,000 | $540,000 | 5.6% |
| Dollar Volume | $992,625,438 | $1,434,315,364 | -30.8% |
| % of Original List Price Received | 96 | 100 | -4% |
| Median Time to Contract | 35 | 18 | 94.4% |
| Median Time to Sales | 73 | 61 | 19.7% |
| Active Inventory | 3,299 | 2,205 | 49.6% |
| Months Supply of Inventory | 3.5 | 1.7 | 105.9% |
| Miami Townhomes & Condos | March 2023 | March 2022 | % Change Year-over-Year |
| Closed Sales | 1,420 | 2,528 | -43.8% |
| % Paid in Cash | 53.7% | 52.1% | 3.1% |
| Median Sale Price | $400,000 | $400,000 | 0.0% |
| Dollar Volume | $1,073,315,520 | $1,921,100,512 | -44.1% |
| % of Original List Price Received | 96 | 99 | -3% |
| Median Time to Contract | 37 | 31 | 19.4% |
| Median Time to Sales | 76 | 73 | 4.1% |
| Active Inventory | 6,519 | 4,835 | 34.8% |
| Months Supply of Inventory | 4.7 | 2 | 104.3% |
| Broward Single Family Homes | March 2023 | March 2022 | % Change Year-over-Year |
| Closed Sales | 1,271 | 1,541 | -17.5% |
| % Paid in Cash | 22.8% | 29.1% | -21.7% |
| Median Sale Price | $565,000 | $545,000 | 3.7% |
| Dollar Volume | $978,212,440 | $1,231,773,694 | -20.6% |
| % of Original List Price Received | 96 | 100 | -4% |
| Median Time to Contract | 33 | 10 | 230.0% |
| Median Time to Sales | 73 | 50 | 46.0% |
| Active Inventory | 2,988 | 1,608 | 85.8% |
| Months Supply of Inventory | 2.7 | 1.1 | 145.5% |
| Broward Townhomes & Condos | March 2023 | March 2022 | % Change Year-over-Year |
| Closed Sales | 1,542 | 2,162 | -28.7% |
| % Paid in Cash | 54.1% | 61.5% | -12.1% |
| Median Sale Price | $269,500 | $238,500 | 13.0% |
| Dollar Volume | $539,695,374 | $877,294,198 | -38.5% |
| % of Original List Price Received | 96 | 99 | -3.1% |
| Median Time to Contract | 27 | 16 | 68.8% |
| Median Time to Sales | 67 | 59 | 13.6% |
| Active Inventory | 4,377 | 2,504 | 74.8% |
| Months Supply of Inventory | 3.2 | 1.4 | 128.6% |
| Palm Beach Single Family Homes | March 2023 | March 2022 | % Change Year-over-Year |
| Closed Sales | 1,465 | 1,590 | -7.86% |
| % Paid in Cash | 42.8% | 48.1% | -11.0% |
| Median Sale Price | $575,000 | $541,000 | 6.28% |
| Dollar Volume | $1,324,200,315 | $1,544,087,160 | -14.2% |
| % of Original List Price Received | 95 | 100 | -5% |
| Median Time to Contract | 31 | 10 | 210.00% |
| Median Time to Sales | 73 | 51 | 43.14% |
| Active Inventory | 3,876 | 1,869 | 107.38% |
| Months Supply of Inventory | 3.2 | 1.2 | 166.7% |
| Palm Beach Townhomes & Condos | March 2023 | March 2022 | % Change Year-over-Year |
| Closed Sales | 1,335 | 1,699 | -21.4% |
| % Paid in Cash | 62.4% | 65.9% | -5.3% |
| Median Sale Price | $312,000 | $294,000 | 6.1% |
| Dollar Volume | $702,949,590 | $860,088,168 | -18.3% |
| % of Original List Price Received | 94 | 100 | -6% |
| Median Time to Contract | 35 | 10 | 250.0% |
| Median Time to Sales | 76 | 50 | 52.0% |
| Active Inventory | 3,880 | 1,496 | 159.4% |
| Months Supply of Inventory | 3.7 | 1.0 | 270.0% |
| Martin Single Family Homes | March 2023 | March 2022 | % Change Year-over-Year |
| Closed Sales | 225 | 200 | 12.5% |
| % Paid in Cash | 52.0% | 52.5% | -1.0% |
| Median Sale Price | $589,000 | $555,000 | 6.1% |
| Dollar Volume | $216,610,650 | $152,848,600 | 41.7% |
| % of Original List Price Received | 95 | 100 | -5% |
| Median Time to Contract | 37 | 9 | 311.1% |
| Median Time to Sales | 78 | 49 | 59.2% |
| Active Inventory | 489 | 223 | 119.3% |
| Months Supply of Inventory | 3.1 | 1.0 | 210.0% |
| Martin Townhomes & Condos | March 2023 | March 2022 | % Change Year-over-Year |
| Closed Sales | 113 | 97 | 16.5% |
| % Paid in Cash | 60.2% | 73.2% | -17.8% |
| Median Sale Price | $267,000 | $263,000 | 1.5% |
| Dollar Volume | $36,166,780 | $31,863,239 | 13.5% |
| % of Original List Price Received | 95 | 100 | -4.7% |
| Median Time to Contract | 31 | 6 | 416.7% |
| Median Time to Sales | 66 | 42 | 57.1% |
| Active Inventory | 289 | 117 | 147.0% |
| Months Supply of Inventory | 3.3 | 1.0 | 230.0% |
| Saint Lucie Single Family Homes | March 2023 | March 2022 | % Change Year-over-Year |
| Closed Sales | 545 | 716 | -23.9% |
| % Paid in Cash | 24.2% | 27.7% | -12.4% |
| Median Sale Price | $375,000 | $370,000 | 1.4% |
| Dollar Volume | $222,040,630 | $284,430,284 | -21.9% |
| % of Original List Price Received | 95 | 100 | -4.9% |
| Median Time to Contract | 42 | 9 | 366.7% |
| Median Time to Sales | 79 | 52 | 51.9% |
| Active Inventory | 1,429 | 594 | 140.6% |
| Months Supply of Inventory | 2.8 | 0.9 | 211.1% |
| Saint Lucie Townhomes & Condos | March 2023 | March 2022 | % Change Year-over-Year |
| Closed Sales | 113 | 139 | -18.7% |
| % Paid in Cash | 61.1% | 51.1% | 19.5% |
| Median Sale Price | $295,000 | $290,000 | 1.7% |
| Dollar Volume | $38,061,451 | $51,443,205 | -26.0% |
| % of Original List Price Received | 95 | 98 | -3.0% |
| Median Time to Contract | 31 | 13 | 138.5% |
| Median Time to Sales | 67 | 51 | 31.4% |
| Active Inventory | 397 | 135 | 194.1% |
| Months Supply of Inventory | 4.5 | 1.0 | 350.0% |
Summary Reports
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Miami-Dade County_Single Family Homes_2023-03_Summary
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Miami-Dade County_Townhouses and Condos_2023-03_Summary
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Broward County_Single Family Homes_2023-03_Summary
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Palm Beach County_Single Family Homes_2023-03_Summary
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Palm Beach County_Townhouses and Condos_2023-03_Summary
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Martin County_Townhouses and Condos_2023-03_Summary
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Broward County_Townhouses and Condos_2023-03_Summary
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Martin County_Single Family Homes_2023-03_Summary
Detailed Reports
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Miami-Dade County_Single Family Homes_2023-03_Detail
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Miami-Dade County_Townhouses and Condos_2023-03_Detail
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Broward County_Single Family Homes_2023-03_Detail
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Palm Beach County_Single Family Homes_2023-03_Detail
-
Palm Beach County_Townhouses and Condos_2023-03_Detail
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Martin County_Townhouses and Condos_2023-03_Detail
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Broward County_Townhouses and Condos_2023-03_Detail
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Martin County_Single Family Homes_2023-03_Detail
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