South Florida Market Stats
November 2023
| Miami Single Family Homes | November 2023 | November 2022 | % Change Year-over-Year |
| Closed Sales | 707 | 718 | -1.5% |
| % Paid in Cash | 28.4% | 24.8% | 14.7% |
| Median Sale Price | $615,000 | $550,000 | 11.8% |
| Dollar Volume | $698,406,415 | $641,930,054 | 8.8% |
| % of Original List Price Received | 97 | 95 | 2% |
| Median Time to Contract | 23 | 31 | -25.8% |
| Median Time to Sales | 64 | 74 | -13.5% |
| Active Inventory | 3,856 | 4,288 | -10.1% |
| Months Supply of Inventory | 4.4 | 4.0 | 10.0% |
| Miami Townhomes & Condos | November 2023 | November 2022 | % Change Year-over-Year |
| Closed Sales | 944 | 1,073 | -12.0% |
| % Paid in Cash | 50.2% | 54.0% | -7.5% |
| Median Sale Price | $420,000 | $395,000 | 6.3% |
| Dollar Volume | $637,591,760 | $706,067,263 | -9.7% |
| % of Original List Price Received | 96 | 96 | 0% |
| Median Time to Contract | 32 | 35 | -8.6% |
| Median Time to Sales | 72 | 74 | -2.7% |
| Active Inventory | 7,720 | 6,890 | 12.0% |
| Months Supply of Inventory | 6.8 | 4 | 70.0% |
| Broward Single Family Homes | November 2023 | November 2022 | % Change Year-over-Year |
| Closed Sales | 821 | 871 | -5.7% |
| % Paid in Cash | 28.0% | 27.7% | 1.2% |
| Median Sale Price | $600,000 | $540,000 | 11.1% |
| Dollar Volume | $648,319,891 | $603,466,253 | 7.4% |
| % of Original List Price Received | 97 | 95 | 2% |
| Median Time to Contract | 23 | 29 | -20.7% |
| Median Time to Sales | 62 | 68 | -8.8% |
| Active Inventory | 3,627 | 3,822 | -5.1% |
| Months Supply of Inventory | 3.5 | 3.0 | 16.7% |
| Broward Townhomes & Condos | November 2023 | November 2022 | % Change Year-over-Year |
| Closed Sales | 1,009 | 1,049 | -3.8% |
| % Paid in Cash | 52.9% | 55.0% | -3.8% |
| Median Sale Price | $280,000 | $255,000 | 9.8% |
| Dollar Volume | $388,334,839 | $351,437,029 | 10.5% |
| % of Original List Price Received | 96 | 97 | -1.2% |
| Median Time to Contract | 31 | 25 | 24.0% |
| Median Time to Sales | 70 | 64 | 9.4% |
| Active Inventory | 6,152 | 4,113 | 49.6% |
| Months Supply of Inventory | 5.1 | 2.6 | 96.2% |
| Palm Beach Single Family Homes | November 2023 | November 2022 | % Change Year-over-Year |
| Closed Sales | 914 | 920 | -0.65% |
| % Paid in Cash | 46.8% | 44.8% | 4.6% |
| Median Sale Price | $600,000 | $565,000 | 6.19% |
| Dollar Volume | $846,846,592 | $828,186,760 | 2.3% |
| % of Original List Price Received | 96 | 94 | 1% |
| Median Time to Contract | 24 | 32 | -25.00% |
| Median Time to Sales | 64 | 75 | -14.67% |
| Active Inventory | 4,568 | 4,322 | 5.69% |
| Months Supply of Inventory | 3.9 | 3.3 | 18.2% |
| Palm Beach Townhomes & Condos | November 2023 | November 2022 | % Change Year-over-Year |
| Closed Sales | 781 | 726 | 7.6% |
| % Paid in Cash | 63.4% | 62.5% | 1.4% |
| Median Sale Price | $308,500 | $291,000 | 6.0% |
| Dollar Volume | $394,016,062 | $312,917,616 | 25.9% |
| % of Original List Price Received | 95 | 95 | 0% |
| Median Time to Contract | 34 | 29 | 17.2% |
| Median Time to Sales | 73 | 71 | 2.8% |
| Active Inventory | 4,736 | 3,334 | 42.1% |
| Months Supply of Inventory | 4.7 | 2.8 | 67.9% |
| Martin Single Family Homes | November 2023 | November 2022 | % Change Year-over-Year |
| Closed Sales | 132 | 106 | 24.5% |
| % Paid in Cash | 62.9% | 46.2% | 36.0% |
| Median Sale Price | $595,000 | $527,500 | 12.8% |
| Dollar Volume | $123,595,956 | $69,980,246 | 76.6% |
| % of Original List Price Received | 95 | 95 | -1% |
| Median Time to Contract | 25 | 34 | -26.5% |
| Median Time to Sales | 65 | 75 | -13.3% |
| Active Inventory | 585 | 520 | 12.5% |
| Months Supply of Inventory | 3.6 | 3.1 | 16.1% |
| Martin Townhomes & Condos | November 2023 | November 2022 | % Change Year-over-Year |
| Closed Sales | 44 | 56 | -21.4% |
| % Paid in Cash | 68.2% | 67.9% | 0.5% |
| Median Sale Price | $332,500 | $310,000 | 7.3% |
| Dollar Volume | $17,103,240 | $18,553,360 | -7.8% |
| % of Original List Price Received | 94 | 96 | -2.0% |
| Median Time to Contract | 24 | 19 | 26.3% |
| Median Time to Sales | 57 | 57 | 0.0% |
| Active Inventory | 423 | 286 | 47.9% |
| Months Supply of Inventory | 5.0 | 3.0 | 66.7% |
| Saint Lucie Single Family Homes | November 2023 | November 2022 | % Change Year-over-Year |
| Closed Sales | 391 | 392 | -0.3% |
| % Paid in Cash | 32.2% | 30.1% | 7.1% |
| Median Sale Price | $400,000 | $388,980 | 2.8% |
| Dollar Volume | $173,531,274 | $162,415,400 | 6.8% |
| % of Original List Price Received | 97 | 96 | 0.9% |
| Median Time to Contract | 27 | 29 | -6.9% |
| Median Time to Sales | 71 | 76 | -6.6% |
| Active Inventory | 1,678 | 1,824 | -8.0% |
| Months Supply of Inventory | 3.5 | 3.2 | 9.4% |
| Saint Lucie Townhomes & Condos | November 2023 | November 2022 | % Change Year-over-Year |
| Closed Sales | 69 | 70 | -1.4% |
| % Paid in Cash | 53.6% | 60.0% | -10.6% |
| Median Sale Price | $281,900 | $277,500 | 1.6% |
| Dollar Volume | $22,418,376 | $26,779,760 | -16.3% |
| % of Original List Price Received | 94 | 94 | 0.6% |
| Median Time to Contract | 45 | 32 | 40.6% |
| Median Time to Sales | 96 | 71 | 35.2% |
| Active Inventory | 525 | 306 | 71.6% |
| Months Supply of Inventory | 6.1 | 3.1 | 96.8% |
Summary Reports
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Miami-Dade County_Townhouses and Condos_2023-11_Summary
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Martin County_Townhouses and Condos_2023-11_Summary
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Palm Beach County_Single Family Homes_2023-11_Summary
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Martin County_Single Family Homes_2023-11_Summary
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Palm Beach County_Townhouses and Condos_2023-11_Summary
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Miami-Dade County_Single Family Homes_2023-11_Summary
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Broward County_Townhouses and Condos_2023-11_Summary
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Broward County_Single Family Homes_2023-11_Summary
Detailed Reports
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Martin County_Townhouses and Condos_2023-11_Detail
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Palm Beach County_Single Family Homes_2023-11_Detail
-
Broward County_Townhouses and Condos_2023-11_Detail
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Martin County_Single Family Homes_2023-11_Detail
-
Broward County_Single Family Homes_2023-11_Detail
-
Miami-Dade County_Single Family Homes_2023-11_Detail
-
Palm Beach County_Townhouses and Condos_2023-11_Detail
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Miami-Dade County_Townhouses and Condos_2023-11_Detail
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