South Florida Market Stats
December 2023
| Miami Single Family Homes | December 2023 | December 2022 | % Change Year-over-Year |
| Closed Sales | 754 | 744 | 1.3% |
| % Paid in Cash | 27.3% | 25.5% | 7.0% |
| Median Sale Price | $610,000 | $530,900 | 14.9% |
| Dollar Volume | $683,927,764 | $598,237,008 | 14.3% |
| % of Original List Price Received | 96 | 95 | 1% |
| Median Time to Contract | 28 | 35 | -20.0% |
| Median Time to Sales | 69 | 77 | -10.4% |
| Active Inventory | 3,755 | 4,043 | -7.1% |
| Months Supply of Inventory | 4.3 | 4.0 | 7.5% |
| Miami Townhomes & Condos | December 2023 | December 2022 | % Change Year-over-Year |
| Closed Sales | 960 | 1,035 | -7.2% |
| % Paid in Cash | 49.5% | 54.6% | -10.3% |
| Median Sale Price | $410,000 | $374,500 | 9.5% |
| Dollar Volume | $616,992,000 | $650,918,745 | -5.2% |
| % of Original List Price Received | 96 | 96 | 0% |
| Median Time to Contract | 37 | 34 | 8.8% |
| Median Time to Sales | 76 | 73 | 4.1% |
| Active Inventory | 7,690 | 6,663 | 15.4% |
| Months Supply of Inventory | 6.8 | 4 | 65.9% |
| Broward Single Family Homes | December 2023 | December 2022 | % Change Year-over-Year |
| Closed Sales | 876 | 876 | 0.0% |
| % Paid in Cash | 22.9% | 24.7% | -6.9% |
| Median Sale Price | $570,000 | $530,000 | 7.5% |
| Dollar Volume | $656,127,504 | $621,444,912 | 5.6% |
| % of Original List Price Received | 96 | 95 | 1% |
| Median Time to Contract | 28 | 32 | -12.5% |
| Median Time to Sales | 66 | 70 | -5.7% |
| Active Inventory | 3,543 | 3,582 | -1.1% |
| Months Supply of Inventory | 3.4 | 3.0 | 13.3% |
| Broward Townhomes & Condos | December 2023 | December 2022 | % Change Year-over-Year |
| Closed Sales | 1,025 | 1,094 | -6.3% |
| % Paid in Cash | 53.6% | 56.0% | -4.4% |
| Median Sale Price | $275,000 | $255,000 | 7.8% |
| Dollar Volume | $376,933,500 | $378,692,476 | -0.5% |
| % of Original List Price Received | 95 | 96 | -1.0% |
| Median Time to Contract | 35 | 24 | 45.8% |
| Median Time to Sales | 75 | 64 | 17.2% |
| Active Inventory | 6,326 | 4,190 | 51.0% |
| Months Supply of Inventory | 5.3 | 2.8 | 89.3% |
| Palm Beach Single Family Homes | December 2023 | December 2022 | % Change Year-over-Year |
| Closed Sales | 969 | 999 | -3.00% |
| % Paid in Cash | 45.8% | 45.7% | 0.2% |
| Median Sale Price | $580,000 | $545,000 | 6.42% |
| Dollar Volume | $901,492,677 | $824,417,757 | 9.3% |
| % of Original List Price Received | 95 | 93 | 2% |
| Median Time to Contract | 29 | 36 | -19.44% |
| Median Time to Sales | 68 | 77 | -11.69% |
| Active Inventory | 4,575 | 4,042 | 13.19% |
| Months Supply of Inventory | 4.0 | 3.2 | 25.0% |
| Palm Beach Townhomes & Condos | December 2023 | December 2022 | % Change Year-over-Year |
| Closed Sales | 801 | 831 | -3.6% |
| % Paid in Cash | 63.2% | 58.0% | 8.9% |
| Median Sale Price | $305,000 | $300,000 | 1.7% |
| Dollar Volume | $407,324,520 | $399,191,625 | 2.0% |
| % of Original List Price Received | 94 | 96 | -1% |
| Median Time to Contract | 31 | 27 | 14.8% |
| Median Time to Sales | 70 | 67 | 4.5% |
| Active Inventory | 4,940 | 3,503 | 41.0% |
| Months Supply of Inventory | 4.9 | 3.1 | 58.1% |
| Martin Single Family Homes | December 2023 | December 2022 | % Change Year-over-Year |
| Closed Sales | 128 | 131 | -2.3% |
| % Paid in Cash | 55.5% | 47.3% | 17.2% |
| Median Sale Price | $560,000 | $550,000 | 1.8% |
| Dollar Volume | $105,229,568 | $102,137,294 | 3.0% |
| % of Original List Price Received | 95 | 95 | 0% |
| Median Time to Contract | 25 | 35 | -28.6% |
| Median Time to Sales | 62 | 78 | -20.5% |
| Active Inventory | 590 | 499 | 18.2% |
| Months Supply of Inventory | 3.6 | 3.1 | 16.1% |
| Martin Townhomes & Condos | December 2023 | December 2022 | % Change Year-over-Year |
| Closed Sales | 81 | 69 | 17.4% |
| % Paid in Cash | 61.7% | 72.5% | -14.8% |
| Median Sale Price | $285,000 | $267,000 | 6.7% |
| Dollar Volume | $28,883,790 | $20,532,399 | 40.7% |
| % of Original List Price Received | 95 | 94 | 1.5% |
| Median Time to Contract | 34 | 25 | 36.0% |
| Median Time to Sales | 69 | 56 | 23.2% |
| Active Inventory | 449 | 291 | 54.3% |
| Months Supply of Inventory | 5.2 | 3.2 | 62.5% |
| Saint Lucie Single Family Homes | December 2023 | December 2022 | % Change Year-over-Year |
| Closed Sales | 384 | 425 | -9.6% |
| % Paid in Cash | 25.3% | 24.7% | 2.2% |
| Median Sale Price | $389,995 | $381,900 | 2.1% |
| Dollar Volume | $160,997,760 | $167,984,650 | -4.2% |
| % of Original List Price Received | 97 | 96 | 0.9% |
| Median Time to Contract | 32 | 37 | -13.5% |
| Median Time to Sales | 75 | 88 | -14.8% |
| Active Inventory | 1,719 | 1,692 | 1.6% |
| Months Supply of Inventory | 3.6 | 3.1 | 16.1% |
| Saint Lucie Townhomes & Condos | December 2023 | December 2022 | % Change Year-over-Year |
| Closed Sales | 67 | 65 | 3.1% |
| % Paid in Cash | 41.8% | 56.9% | -26.6% |
| Median Sale Price | $320,000 | $300,000 | 6.7% |
| Dollar Volume | $28,711,242 | $25,256,205 | 13.7% |
| % of Original List Price Received | 96 | 96 | 0.3% |
| Median Time to Contract | 42 | 23 | 82.6% |
| Median Time to Sales | 97 | 54 | 79.6% |
| Active Inventory | 556 | 291 | 91.1% |
| Months Supply of Inventory | 6.4 | 3.0 | 113.3% |
Summary Reports
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Palm Beach County_Townhouses and Condos_2023_Summary
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Martin County_Single Family Homes_2023_Summary
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Miami-Dade County_Single Family Homes_2023_Summary
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Broward County_Townhouses and Condos_2023-12_Summary
-
Martin County_Townhouses and Condos_2023_Summary
-
Broward County_Single Family Homes_2023-12_Summary
-
Broward County_Single Family Homes_2023_Summary
-
Miami-Dade County_Single Family Homes_2023-12_Summary
-
Martin County_Single Family Homes_2023-12_Summary
-
Palm Beach County_Townhouses and Condos_2023-12_Summary
-
Miami-Dade County_Townhouses and Condos_2023_Summary
-
Broward County_Townhouses and Condos_2023_Summary
-
Martin County_Townhouses and Condos_2023-12_Summary
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Palm Beach County_Single Family Homes_2023-12_Summary
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Miami-Dade County_Townhouses and Condos_2023-12_Summary
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Palm Beach County_Single Family Homes_2023_Summary
Detailed Reports
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Palm Beach County_Townhouses and Condos_2023-12_Detail
-
Broward County_Single Family Homes_2023-12_Detail
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Miami-Dade County_Single Family Homes_2023-12_Detail
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Palm Beach County_Single Family Homes_2023_Detail
-
Miami-Dade County_Townhouses and Condos_2023_Detail
-
Miami-Dade County_Townhouses and Condos_2023-12_Detail
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Martin County_Single Family Homes_2023_Detail
-
Martin County_Townhouses and Condos_2023_Detail
-
Palm Beach County_Townhouses and Condos_2023_Detail
-
Broward County_Townhouses and Condos_2023_Detail
-
Palm Beach County_Single Family Homes_2023-12_Detail
-
Miami-Dade County_Single Family Homes_2023_Detail
-
Martin County_Townhouses and Condos_2023-12_Detail
-
Broward County_Single Family Homes_2023_Detail
-
Broward County_Townhouses and Condos_2023-12_Detail
-
Martin County_Single Family Homes_2023-12_Detail
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