South Florida Market Stats
February 2023
| Miami Single Family Homes | February 2023 | February 2022 | % Change Year-over-Year |
| Closed Sales | 727 | 1,007 | -27.8% |
| % Paid in Cash | 26.0% | 27.5% | -5.5% |
| Median Sale Price | $555,000 | $536,000 | 3.5% |
| Dollar Volume | $706,177,266 | $964,361,606 | -26.8% |
| % of Original List Price Received | 95 | 99 | -4% |
| Median Time to Contract | 46 | 25 | 84.0% |
| Median Time to Sales | 85 | 73 | 16.4% |
| Active Inventory | 3,617 | 2,212 | 63.5% |
| Months Supply of Inventory | 3.8 | 1.7 | 123.5% |
| Miami Townhomes & Condos | February 2023 | February 2022 | % Change Year-over-Year |
| Closed Sales | 965 | 1,807 | -46.6% |
| % Paid in Cash | 55.9% | 53.0% | 5.1% |
| Median Sale Price | $390,000 | $380,000 | 2.6% |
| Dollar Volume | $662,531,365 | $1,311,703,107 | -49.5% |
| % of Original List Price Received | 96 | 98 | -2% |
| Median Time to Contract | 45 | 38 | 18.4% |
| Median Time to Sales | 82 | 81 | 1.2% |
| Active Inventory | 6,665 | 5,272 | 26.4% |
| Months Supply of Inventory | 4.5 | 3 | 73.1% |
| Broward Single Family Homes | February 2023 | February 2022 | % Change Year-over-Year |
| Closed Sales | 833 | 1,198 | -30.5% |
| % Paid in Cash | 28.5% | 30.1% | -5.3% |
| Median Sale Price | $560,000 | $519,000 | 7.9% |
| Dollar Volume | $614,573,239 | $880,946,904 | -30.2% |
| % of Original List Price Received | 95 | 100 | -5% |
| Median Time to Contract | 42 | 15 | 180.0% |
| Median Time to Sales | 78 | 57 | 36.8% |
| Active Inventory | 3,176 | 1,639 | 93.8% |
| Months Supply of Inventory | 2.8 | 1.1 | 154.5% |
| Broward Townhomes & Condos | February 2023 | February 2022 | % Change Year-over-Year |
| Closed Sales | 1,006 | 1,489 | -32.4% |
| % Paid in Cash | 55.8% | 56.9% | -2.0% |
| Median Sale Price | $272,000 | $240,000 | 13.3% |
| Dollar Volume | $339,064,252 | $512,990,280 | -33.9% |
| % of Original List Price Received | 97 | 99 | -2.0% |
| Median Time to Contract | 29 | 23 | 26.1% |
| Median Time to Sales | 69 | 69 | 0.0% |
| Active Inventory | 4,547 | 2,671 | 70.2% |
| Months Supply of Inventory | 3.2 | 1.5 | 113.3% |
| Palm Beach Single Family Homes | February 2023 | February 2022 | % Change Year-over-Year |
| Closed Sales | 975 | 1,237 | -21.18% |
| % Paid in Cash | 47.0% | 45.7% | 2.8% |
| Median Sale Price | $549,500 | $535,000 | 2.71% |
| Dollar Volume | $887,887,650 | $1,257,765,519 | -29.4% |
| % of Original List Price Received | 94 | 100 | -6% |
| Median Time to Contract | 39 | 13 | 200.00% |
| Median Time to Sales | 81 | 55 | 47.27% |
| Active Inventory | 4,027 | 1,777 | 126.62% |
| Months Supply of Inventory | 3.3 | 1.1 | 200.0% |
| Palm Beach Townhomes & Condos | February 2023 | February 2022 | % Change Year-over-Year |
| Closed Sales | 819 | 1,321 | -38.0% |
| % Paid in Cash | 61.1% | 64.6% | -5.5% |
| Median Sale Price | $300,000 | $275,000 | 9.1% |
| Dollar Volume | $421,585,983 | $658,636,069 | -36.0% |
| % of Original List Price Received | 95 | 100 | -5% |
| Median Time to Contract | 36 | 13 | 176.9% |
| Median Time to Sales | 73 | 53 | 37.7% |
| Active Inventory | 3,973 | 1,494 | 165.9% |
| Months Supply of Inventory | 3.7 | 1.0 | 270.0% |
| Martin Single Family Homes | February 2023 | February 2022 | % Change Year-over-Year |
| Closed Sales | 121 | 166 | -27.1% |
| % Paid in Cash | 61.2% | 34.3% | 78.1% |
| Median Sale Price | $540,000 | $522,500 | 3.3% |
| Dollar Volume | $109,926,927 | $168,145,550 | -34.6% |
| % of Original List Price Received | 93 | 100 | -7% |
| Median Time to Contract | 41 | 11 | 272.7% |
| Median Time to Sales | 79 | 51 | 54.9% |
| Active Inventory | 515 | 178 | 189.3% |
| Months Supply of Inventory | 3.3 | 0.8 | 312.5% |
| Martin Townhomes & Condos | February 2023 | February 2022 | % Change Year-over-Year |
| Closed Sales | 83 | 92 | -9.8% |
| % Paid in Cash | 57.8% | 72.8% | -20.6% |
| Median Sale Price | $295,000 | $267,500 | 10.3% |
| Dollar Volume | $27,427,599 | $32,181,968 | -14.8% |
| % of Original List Price Received | 94 | 100 | -6.2% |
| Median Time to Contract | 40 | 8 | 400.0% |
| Median Time to Sales | 71 | 43 | 65.1% |
| Active Inventory | 308 | 107 | 187.9% |
| Months Supply of Inventory | 3.6 | 0.9 | 300.0% |
| Saint Lucie Single Family Homes | February 2023 | February 2022 | % Change Year-over-Year |
| Closed Sales | 419 | 543 | -22.8% |
| % Paid in Cash | 31.0% | 27.3% | 13.8% |
| Median Sale Price | $370,000 | $350,000 | 5.7% |
| Dollar Volume | $169,395,415 | $209,315,097 | -19.1% |
| % of Original List Price Received | 95 | 100 | -4.8% |
| Median Time to Contract | 43 | 11 | 290.9% |
| Median Time to Sales | 81 | 65 | 24.6% |
| Active Inventory | 1,599 | 611 | 161.7% |
| Months Supply of Inventory | 3.0 | 1.0 | 200.0% |
| Saint Lucie Townhomes & Condos | February 2023 | February 2022 | % Change Year-over-Year |
| Closed Sales | 53 | 98 | -45.9% |
| % Paid in Cash | 60.4% | 57.1% | 5.7% |
| Median Sale Price | $320,000 | $285,000 | 12.3% |
| Dollar Volume | $19,004,793 | $34,939,940 | -45.6% |
| % of Original List Price Received | 94 | 100 | -5.8% |
| Median Time to Contract | 30 | 7 | 328.6% |
| Median Time to Sales | 75 | 44 | 70.5% |
| Active Inventory | 399 | 141 | 183.0% |
| Months Supply of Inventory | 4.5 | 1.1 | 309.1% |
Summary Reports
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Broward County_Single Family Homes_2023-02_Summary
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Broward County_Townhouses and Condos_2023-02_Summary
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Miami-Dade County_Single Family Homes_2023-02_Summary
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Martin County_Single Family Homes_2023-02_Summary
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Palm Beach County_Townhouses and Condos_2023-02_Summary
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Palm Beach County_Single Family Homes_2023-02_Summary
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Martin County_Townhouses and Condos_2023-02_Summary
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Miami-Dade County_Townhouses and Condos_2023-02_Summary
Detailed Reports
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Martin County_Single Family Homes_2023-02_Detail
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Broward County_Townhouses and Condos_2023-02_Detail
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Palm Beach County_Single Family Homes_2023-02_Detail
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Martin County_Townhouses and Condos_2023-02_Detail
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Miami-Dade County_Townhouses and Condos_2023-02_Detail
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Palm Beach County_Townhouses and Condos_2023-02_Detail
-
Miami-Dade County_Single Family Homes_2023-02_Detail
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Broward County_Single Family Homes_2023-02_Detail
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