South Florida Market Stats
July 2023
| Miami Single Family Homes | July 2023 | July 2022 | % Change Year-over-Year |
| Closed Sales | 910 | 999 | -8.9% |
| % Paid in Cash | 26.4% | 27.7% | -4.9% |
| Median Sale Price | $631,670 | $570,000 | 10.8% |
| Dollar Volume | $846,081,600 | $1,026,716,256 | -17.6% |
| % of Original List Price Received | 97 | 99 | -2% |
| Median Time to Contract | 24 | 17 | 41.2% |
| Median Time to Sales | 68 | 62 | 9.7% |
| Active Inventory | 2,860 | 3,727 | -23.3% |
| Months Supply of Inventory | 3.2 | 3.1 | 3.2% |
| Miami Townhomes & Condos | July 2023 | July 2022 | % Change Year-over-Year |
| Closed Sales | 1,141 | 1,376 | -17.1% |
| % Paid in Cash | 50.2% | 51.2% | -1.9% |
| Median Sale Price | $420,000 | $380,000 | 10.5% |
| Dollar Volume | $746,384,009 | $789,167,648 | -5.4% |
| % of Original List Price Received | 96 | 99 | -3% |
| Median Time to Contract | 32 | 20 | 60.0% |
| Median Time to Sales | 77 | 64 | 20.3% |
| Active Inventory | 6,104 | 6,246 | -2.3% |
| Months Supply of Inventory | 5.1 | 3 | 54.5% |
| Broward Single Family Homes | July 2023 | July 2022 | % Change Year-over-Year |
| Closed Sales | 1,052 | 1,213 | -13.3% |
| % Paid in Cash | 25.6% | 27.0% | -5.1% |
| Median Sale Price | $600,000 | $600,000 | 0.0% |
| Dollar Volume | $836,303,180 | $953,310,043 | -12.3% |
| % of Original List Price Received | 98 | 100 | -2% |
| Median Time to Contract | 20 | 13 | 53.8% |
| Median Time to Sales | 61 | 51 | 19.6% |
| Active Inventory | 2,869 | 3,313 | -13.4% |
| Months Supply of Inventory | 2.8 | 2.4 | 16.7% |
| Broward Townhomes & Condos | July 2023 | July 2022 | % Change Year-over-Year |
| Closed Sales | 1,186 | 1,362 | -12.9% |
| % Paid in Cash | 49.1% | 55.1% | -10.9% |
| Median Sale Price | $280,000 | $265,000 | 5.7% |
| Dollar Volume | $399,494,612 | $490,611,468 | -18.6% |
| % of Original List Price Received | 97 | 100 | -3.2% |
| Median Time to Contract | 26 | 14 | 85.7% |
| Median Time to Sales | 66 | 56 | 17.9% |
| Active Inventory | 4,442 | 3,413 | 30.1% |
| Months Supply of Inventory | 3.5 | 2.0 | 75.0% |
| Palm Beach Single Family Homes | July 2023 | July 2022 | % Change Year-over-Year |
| Closed Sales | 1,164 | 1,190 | -2.18% |
| % Paid in Cash | 42.9% | 44.6% | -3.9% |
| Median Sale Price | $600,000 | $600,000 | 0.00% |
| Dollar Volume | $1,258,444,632 | $1,139,196,520 | 10.5% |
| % of Original List Price Received | 96 | 98 | -2% |
| Median Time to Contract | 22 | 14 | 57.14% |
| Median Time to Sales | 66 | 57 | 15.79% |
| Active Inventory | 3,430 | 3,854 | -11.00% |
| Months Supply of Inventory | 2.9 | 2.7 | 7.4% |
| Palm Beach Townhomes & Condos | July 2023 | July 2022 | % Change Year-over-Year |
| Closed Sales | 945 | 1,032 | -8.4% |
| % Paid in Cash | 54.5% | 58.4% | -6.7% |
| Median Sale Price | $315,000 | $290,777 | 8.3% |
| Dollar Volume | $450,736,650 | $409,559,520 | 10.1% |
| % of Original List Price Received | 96 | 99 | -4% |
| Median Time to Contract | 28 | 12 | 133.3% |
| Median Time to Sales | 72 | 54 | 33.3% |
| Active Inventory | 3,529 | 2,708 | 30.3% |
| Months Supply of Inventory | 3.6 | 2.0 | 80.0% |
| Martin Single Family Homes | July 2023 | July 2022 | % Change Year-over-Year |
| Closed Sales | 170 | 136 | 25.0% |
| % Paid in Cash | 46.5% | 46.3% | 0.3% |
| Median Sale Price | $610,000 | $565,000 | 8.0% |
| Dollar Volume | $198,690,050 | $110,399,632 | 80.0% |
| % of Original List Price Received | 96 | 98 | -1% |
| Median Time to Contract | 22 | 14 | 57.1% |
| Median Time to Sales | 65 | 54 | 20.4% |
| Active Inventory | 473 | 493 | -4.1% |
| Months Supply of Inventory | 2.9 | 2.6 | 11.5% |
| Martin Townhomes & Condos | July 2023 | July 2022 | % Change Year-over-Year |
| Closed Sales | 102 | 78 | 30.8% |
| % Paid in Cash | 45.1% | 66.7% | -32.4% |
| Median Sale Price | $296,250 | $288,000 | 2.9% |
| Dollar Volume | $43,446,798 | $23,383,932 | 85.8% |
| % of Original List Price Received | 94 | 100 | -5.9% |
| Median Time to Contract | 60 | 11 | 445.5% |
| Median Time to Sales | 101 | 54 | 87.0% |
| Active Inventory | 280 | 198 | 41.4% |
| Months Supply of Inventory | 3.1 | 2.0 | 55.0% |
| Saint Lucie Single Family Homes | July 2023 | July 2022 | % Change Year-over-Year |
| Closed Sales | 504 | 550 | -8.4% |
| % Paid in Cash | 20.6% | 25.1% | -17.8% |
| Median Sale Price | $390,000 | $396,950 | -1.8% |
| Dollar Volume | $210,271,824 | $229,148,700 | -8.2% |
| % of Original List Price Received | 98 | 100 | -2.5% |
| Median Time to Contract | 25 | 11 | 127.3% |
| Median Time to Sales | 76 | 56 | 35.7% |
| Active Inventory | 1,219 | 1,430 | -14.8% |
| Months Supply of Inventory | 2.5 | 2.3 | 8.7% |
| Saint Lucie Townhomes & Condos | July 2023 | July 2022 | % Change Year-over-Year |
| Closed Sales | 79 | 85 | -7.1% |
| % Paid in Cash | 59.5% | 51.8% | 14.9% |
| Median Sale Price | $290,000 | $264,950 | 9.5% |
| Dollar Volume | $27,647,156 | $29,404,050 | -6.0% |
| % of Original List Price Received | 96 | 98 | -1.9% |
| Median Time to Contract | 32 | 21 | 52.4% |
| Median Time to Sales | 64 | 53 | 20.8% |
| Active Inventory | 373 | 232 | 60.8% |
| Months Supply of Inventory | 4.5 | 2.1 | 114.3% |
Summary Reports
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Palm Beach County_Townhouses and Condos_2023-07_Summary
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Martin County_Single Family Homes_2023-07_Summary
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Martin County_Townhouses and Condos_2023-07_Summary
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Palm Beach County_Single Family Homes_2023-07_Summary
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Miami-Dade County_Townhouses and Condos_2023-07_Summary
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Broward County_Townhouses and Condos_2023-07_Summary
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Broward County_Single Family Homes_2023-07_Summary
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Miami-Dade County_Single Family Homes_2023-07_Summary
Detailed Reports
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Martin County_Townhouses and Condos_2023-07_Detail
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Palm Beach County_Single Family Homes_2023-07_Detail
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Broward County_Townhouses and Condos_2023-07_Detail
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Martin County_Single Family Homes_2023-07_Detail
-
Broward County_Single Family Homes_2023-07_Detail
-
Miami-Dade County_Single Family Homes_2023-07_Detail
-
Palm Beach County_Townhouses and Condos_2023-07_Detail
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Miami-Dade County_Townhouses and Condos_2023-07_Detail
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