South Florida Market Stats
October 2023
| Miami Single Family Homes | October 2023 | October 2022 | % Change Year-over-Year |
| Closed Sales | 871 | 884 | -1.5% |
| % Paid in Cash | 29.4% | 24.4% | 20.3% |
| Median Sale Price | $618,217 | $575,000 | 7.5% |
| Dollar Volume | $973,139,557 | $870,187,500 | 11.8% |
| % of Original List Price Received | 97 | 96 | 1% |
| Median Time to Contract | 26 | 30 | -13.3% |
| Median Time to Sales | 67 | 75 | -10.7% |
| Active Inventory | 3,550 | 4,142 | -14.3% |
| Months Supply of Inventory | 4.0 | 3.7 | 8.1% |
| Miami Townhomes & Condos | October 2023 | October 2022 | % Change Year-over-Year |
| Closed Sales | 1,100 | 1,183 | -7.0% |
| % Paid in Cash | 51.7% | 48.4% | 6.5% |
| Median Sale Price | $405,000 | $388,531 | 4.2% |
| Dollar Volume | $717,883,100 | $748,152,860 | -4.0% |
| % of Original List Price Received | 97 | 97 | 0% |
| Median Time to Contract | 33 | 31 | 6.5% |
| Median Time to Sales | 75 | 71 | 5.6% |
| Active Inventory | 7,255 | 6,657 | 9.0% |
| Months Supply of Inventory | 6.3 | 4 | 65.8% |
| Broward Single Family Homes | October 2023 | October 2022 | % Change Year-over-Year |
| Closed Sales | 983 | 1,011 | -2.8% |
| % Paid in Cash | 24.4% | 22.3% | 9.7% |
| Median Sale Price | $575,000 | $540,000 | 6.5% |
| Dollar Volume | $800,305,518 | $701,278,128 | 14.1% |
| % of Original List Price Received | 97 | 96 | 1% |
| Median Time to Contract | 23 | 27 | -14.8% |
| Median Time to Sales | 63 | 67 | -6.0% |
| Active Inventory | 3,478 | 3,802 | -8.5% |
| Months Supply of Inventory | 3.4 | 2.9 | 17.2% |
| Broward Townhomes & Condos | October 2023 | October 2022 | % Change Year-over-Year |
| Closed Sales | 1,152 | 1,211 | -4.9% |
| % Paid in Cash | 54.9% | 53.3% | 3.0% |
| Median Sale Price | $272,750 | $262,000 | 4.1% |
| Dollar Volume | $409,603,968 | $405,144,894 | 1.1% |
| % of Original List Price Received | 97 | 98 | -1.1% |
| Median Time to Contract | 27 | 21 | 28.6% |
| Median Time to Sales | 66 | 62 | 6.5% |
| Active Inventory | 5,601 | 3,855 | 45.3% |
| Months Supply of Inventory | 4.6 | 2.4 | 91.7% |
| Palm Beach Single Family Homes | October 2023 | October 2022 | % Change Year-over-Year |
| Closed Sales | 1,086 | 1,049 | 3.53% |
| % Paid in Cash | 47.9% | 40.8% | 17.4% |
| Median Sale Price | $622,733 | $570,000 | 9.25% |
| Dollar Volume | $986,253,072 | $973,525,499 | 1.3% |
| % of Original List Price Received | 96 | 95 | 1% |
| Median Time to Contract | 21 | 28 | -25.00% |
| Median Time to Sales | 64 | 71 | -9.86% |
| Active Inventory | 4,224 | 4,286 | -1.45% |
| Months Supply of Inventory | 3.6 | 3.2 | 12.5% |
| Palm Beach Townhomes & Condos | October 2023 | October 2022 | % Change Year-over-Year |
| Closed Sales | 915 | 878 | 4.2% |
| % Paid in Cash | 63.1% | 58.0% | 8.8% |
| Median Sale Price | $315,000 | $290,000 | 8.6% |
| Dollar Volume | $462,850,920 | $347,874,136 | 33.1% |
| % of Original List Price Received | 95 | 96 | -1% |
| Median Time to Contract | 31 | 27 | 14.8% |
| Median Time to Sales | 71 | 69 | 2.9% |
| Active Inventory | 4,211 | 3,065 | 37.4% |
| Months Supply of Inventory | 4.2 | 2.5 | 68.0% |
| Martin Single Family Homes | October 2023 | October 2022 | % Change Year-over-Year |
| Closed Sales | 160 | 134 | 19.4% |
| % Paid in Cash | 46.3% | 46.3% | 0.0% |
| Median Sale Price | $572,000 | $568,250 | 0.7% |
| Dollar Volume | $128,142,880 | $135,957,472 | -5.7% |
| % of Original List Price Received | 96 | 96 | 0% |
| Median Time to Contract | 29 | 20 | 45.0% |
| Median Time to Sales | 70 | 63 | 11.1% |
| Active Inventory | 536 | 521 | 2.9% |
| Months Supply of Inventory | 3.3 | 2.9 | 13.8% |
| Martin Townhomes & Condos | October 2023 | October 2022 | % Change Year-over-Year |
| Closed Sales | 67 | 97 | -30.9% |
| % Paid in Cash | 65.7% | 57.7% | 13.8% |
| Median Sale Price | $295,000 | $299,900 | -1.6% |
| Dollar Volume | $26,648,111 | $31,064,541 | -14.2% |
| % of Original List Price Received | 96 | 97 | -0.1% |
| Median Time to Contract | 36 | 24 | 50.0% |
| Median Time to Sales | 73 | 63 | 15.9% |
| Active Inventory | 376 | 245 | 53.5% |
| Months Supply of Inventory | 4.4 | 2.6 | 69.2% |
| Saint Lucie Single Family Homes | October 2023 | October 2022 | % Change Year-over-Year |
| Closed Sales | 469 | 444 | 5.6% |
| % Paid in Cash | 30.5% | 25.2% | 20.9% |
| Median Sale Price | $398,165 | $379,450 | 4.9% |
| Dollar Volume | $196,749,252 | $171,735,204 | 14.6% |
| % of Original List Price Received | 98 | 97 | 0.4% |
| Median Time to Contract | 29 | 24 | 20.8% |
| Median Time to Sales | 69 | 68 | 1.5% |
| Active Inventory | 1,555 | 1,744 | -10.8% |
| Months Supply of Inventory | 3.3 | 3.0 | 10.0% |
| Saint Lucie Townhomes & Condos | October 2023 | October 2022 | % Change Year-over-Year |
| Closed Sales | 78 | 57 | 36.8% |
| % Paid in Cash | 56.4% | 49.1% | 14.8% |
| Median Sale Price | $331,950 | $295,000 | 12.5% |
| Dollar Volume | $29,469,180 | $19,097,907 | 54.3% |
| % of Original List Price Received | 97 | 94 | 3.0% |
| Median Time to Contract | 31 | 26 | 19.2% |
| Median Time to Sales | 74 | 66 | 12.1% |
| Active Inventory | 463 | 259 | 78.8% |
| Months Supply of Inventory | 5.4 | 2.5 | 116.0% |
Summary Reports
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Miami-Dade County_Single Family Homes_2023-10_Summary
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Broward County_Single Family Homes_2023-10_Summary
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Broward County_Townhouses and Condos_2023-10_Summary
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Martin County_Single Family Homes_2023-10_Summary
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Palm Beach County_Townhouses and Condos_2023-10_Summary
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Palm Beach County_Single Family Homes_2023-10_Summary
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Martin County_Townhouses and Condos_2023-10_Summary
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Miami-Dade County_Townhouses and Condos_2023-10_Summary
Detailed Reports
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Miami-Dade County_Townhouses and Condos_2023-10_Detail
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Palm Beach County_Townhouses and Condos_2023-10_Detail
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Broward County_Single Family Homes_2023-10_Detail
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Miami-Dade County_Single Family Homes_2023-10_Detail
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Broward County_Townhouses and Condos_2023-10_Detail
-
Martin County_Single Family Homes_2023-10_Detail
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Palm Beach County_Single Family Homes_2023-10_Detail
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Martin County_Townhouses and Condos_2023-10_Detail
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