South Florida Market Stats
May 2023
| Miami Single Family Homes | May 2023 | May 2022 | % Change Year-over-Year |
| Closed Sales | 1,040 | 1,193 | -12.8% |
| % Paid in Cash | 24.3% | 30.4% | -20.0% |
| Median Sale Price | $620,000 | $575,000 | 7.8% |
| Dollar Volume | $1,077,596,000 | $1,301,739,564 | -17.2% |
| % of Original List Price Received | 97 | 100 | -3% |
| Median Time to Contract | 27 | 14 | 92.9% |
| Median Time to Sales | 71 | 58 | 22.4% |
| Active Inventory | 3,018 | 2,790 | 8.2% |
| Months Supply of Inventory | 3.3 | 2.2 | 50.0% |
| Miami Townhomes & Condos | May 2023 | May 2022 | % Change Year-over-Year |
| Closed Sales | 1,372 | 2,005 | -31.6% |
| % Paid in Cash | 53.4% | 52.7% | 1.3% |
| Median Sale Price | $415,000 | $415,000 | 0.0% |
| Dollar Volume | $983,596,404 | $1,517,333,875 | -35.2% |
| % of Original List Price Received | 96 | 100 | -4% |
| Median Time to Contract | 36 | 21 | 71.4% |
| Median Time to Sales | 77 | 67 | 14.9% |
| Active Inventory | 6,313 | 5,024 | 25.7% |
| Months Supply of Inventory | 5.1 | 3 | 104.0% |
| Broward Single Family Homes | May 2023 | May 2022 | % Change Year-over-Year |
| Closed Sales | 1,252 | 1,431 | -12.5% |
| % Paid in Cash | 23.2% | 28.7% | -18.9% |
| Median Sale Price | $585,000 | $586,000 | -0.2% |
| Dollar Volume | $976,275,796 | $1,186,390,584 | -17.7% |
| % of Original List Price Received | 97 | 101 | -4% |
| Median Time to Contract | 25 | 11 | 127.3% |
| Median Time to Sales | 65 | 50 | 30.0% |
| Active Inventory | 2,727 | 2,215 | 23.1% |
| Months Supply of Inventory | 2.6 | 1.5 | 73.3% |
| Broward Townhomes & Condos | May 2023 | May 2022 | % Change Year-over-Year |
| Closed Sales | 1,520 | 1,791 | -15.1% |
| % Paid in Cash | 54.9% | 59.8% | -8.2% |
| Median Sale Price | $270,000 | $253,500 | 6.5% |
| Dollar Volume | $558,268,640 | $680,458,212 | -18.0% |
| % of Original List Price Received | 96 | 100 | -3.6% |
| Median Time to Contract | 26 | 14 | 85.7% |
| Median Time to Sales | 67 | 56 | 19.6% |
| Active Inventory | 4,399 | 2,595 | 69.5% |
| Months Supply of Inventory | 3.4 | 1.4 | 142.9% |
| Palm Beach Single Family Homes | May 2023 | May 2022 | % Change Year-over-Year |
| Closed Sales | 1,460 | 1,527 | -4.39% |
| % Paid in Cash | 44.3% | 49.1% | -9.8% |
| Median Sale Price | $622,500 | $615,000 | 1.22% |
| Dollar Volume | $1,700,809,480 | $1,528,322,382 | 11.3% |
| % of Original List Price Received | 95 | 100 | -5% |
| Median Time to Contract | 27 | 11 | 145.45% |
| Median Time to Sales | 75 | 51 | 47.06% |
| Active Inventory | 3,529 | 2,631 | 34.13% |
| Months Supply of Inventory | 3.0 | 1.7 | 76.5% |
| Palm Beach Townhomes & Condos | May 2023 | May 2022 | % Change Year-over-Year |
| Closed Sales | 1,315 | 1,429 | -8.0% |
| % Paid in Cash | 60.9% | 66.3% | -8.2% |
| Median Sale Price | $315,000 | $307,500 | 2.4% |
| Dollar Volume | $692,375,115 | $746,098,048 | -7.2% |
| % of Original List Price Received | 94 | 100 | -6% |
| Median Time to Contract | 32 | 10 | 220.0% |
| Median Time to Sales | 73 | 50 | 46.0% |
| Active Inventory | 3,669 | 1,955 | 87.7% |
| Months Supply of Inventory | 3.7 | 1.3 | 184.6% |
| Martin Single Family Homes | May 2023 | May 2022 | % Change Year-over-Year |
| Closed Sales | 207 | 216 | -4.2% |
| % Paid in Cash | 50.2% | 48.1% | 4.3% |
| Median Sale Price | $632,000 | $584,498 | 8.1% |
| Dollar Volume | $204,065,154 | $206,528,400 | -1.2% |
| % of Original List Price Received | 95 | 100 | -5% |
| Median Time to Contract | 31 | 11 | 181.8% |
| Median Time to Sales | 75 | 51 | 47.1% |
| Active Inventory | 463 | 341 | 35.8% |
| Months Supply of Inventory | 2.9 | 1.7 | 70.6% |
| Martin Townhomes & Condos | May 2023 | May 2022 | % Change Year-over-Year |
| Closed Sales | 95 | 113 | -15.9% |
| % Paid in Cash | 65.3% | 63.7% | 2.4% |
| Median Sale Price | $305,000 | $289,900 | 5.2% |
| Dollar Volume | $40,088,765 | $47,499,776 | -15.6% |
| % of Original List Price Received | 95 | 100 | -5.1% |
| Median Time to Contract | 26 | 9 | 188.9% |
| Median Time to Sales | 67 | 46 | 45.7% |
| Active Inventory | 298 | 138 | 115.9% |
| Months Supply of Inventory | 3.5 | 1.3 | 169.2% |
| Saint Lucie Single Family Homes | May 2023 | May 2022 | % Change Year-over-Year |
| Closed Sales | 548 | 671 | -18.3% |
| % Paid in Cash | 24.1% | 28.8% | -16.3% |
| Median Sale Price | $390,000 | $390,000 | 0.0% |
| Dollar Volume | $222,966,404 | $297,987,074 | -25.2% |
| % of Original List Price Received | 97 | 100 | -3.3% |
| Median Time to Contract | 34 | 10 | 240.0% |
| Median Time to Sales | 77 | 54 | 42.6% |
| Active Inventory | 1,171 | 829 | 41.3% |
| Months Supply of Inventory | 2.4 | 1.3 | 84.6% |
| Saint Lucie Townhomes & Condos | May 2023 | May 2022 | % Change Year-over-Year |
| Closed Sales | 123 | 124 | -0.8% |
| % Paid in Cash | 52.8% | 54.0% | -2.2% |
| Median Sale Price | $305,000 | $280,000 | 8.9% |
| Dollar Volume | $43,081,242 | $43,503,044 | -1.0% |
| % of Original List Price Received | 96 | 100 | -4.5% |
| Median Time to Contract | 35 | 9 | 288.9% |
| Median Time to Sales | 84 | 47 | 78.7% |
| Active Inventory | 375 | 163 | 130.1% |
| Months Supply of Inventory | 4.5 | 1.4 | 221.4% |
Summary Reports
-
Palm Beach County_Townhouses and Condos_2023-05_Summary
-
Martin County_Single Family Homes_2023-05_Summary
-
Palm Beach County_Single Family Homes_2023-05_Summary
-
Martin County_Townhouses and Condos_2023-05_Summary
-
Miami-Dade County_Townhouses and Condos_2023-05_Summary
-
Miami-Dade County_Single Family Homes_2023-05_Summary
-
Broward County_Single Family Homes_2023-05_Summary
-
Broward County_Townhouses and Condos_2023-05_Summary
Detailed Reports
-
Broward County_Townhouses and Condos_2023-05_Detail
-
Martin County_Single Family Homes_2023-05_Detail
-
Martin County_Townhouses and Condos_2023-05_Detail
-
Palm Beach County_Single Family Homes_2023-05_Detail
-
Miami-Dade County_Townhouses and Condos_2023-05_Detail
-
Broward County_Single Family Homes_2023-05_Detail
-
Miami-Dade County_Single Family Homes_2023-05_Detail
-
Palm Beach County_Townhouses and Condos_2023-05_Detail
South Florida Market Stat InfoGraphics and Videos. Download the South Florida Market Snapshot Info Graphics....
Stats Archive
- May 2026
- April 2026
- March 2026
- Q1 2026
- February 2026
- January 2026
- December 2025
- Q4 2025
- November 2025
- October 2025
- September 2025
- Q3 2025
- August 2025
- July 2025
- June 2025
- Q2 2025
- May 2025
- April 2025
- March 2025
- Q1 2025
- February 2025
- January 2025
- Year & Q4 2024
- Year & Q4 2023
- Year & Q4 2022
- December, Q4 and Year 2021
- Year 2020
- Year 2019 Stats
- Stat Archives

