South Florida Market Stats
August 2024
| Miami Single Family Homes | August 2024 | August 2023 | % Change Year-over-Year |
| Closed Sales | 964 | 948 | 1.7% |
| % Paid in Cash | 21.6% | 28.0% | -22.8% |
| Median Sale Price | $640,000 | $620,000 | 3.2% |
| Dollar Volume | $1,004,616,212 | $1,000,690,788 | 0.4% |
| % of Original List Price Received | 97 | 97 | -1% |
| Median Time to Contract | 27 | 23 | 17.4% |
| Median Time to Sales | 70 | 64 | 9.4% |
| Active Inventory | 4,183 | 3,062 | 36.6% |
| Months Supply of Inventory | 4.7 | 3.5 | 34.3% |
| Miami Townhomes & Condos | August 2024 | August 2023 | % Change Year-over-Year |
| Closed Sales | 1,038 | 1,230 | -15.6% |
| % Paid in Cash | 43.4% | 49.8% | -14.8% |
| Median Sale Price | $415,000 | $416,000 | -0.2% |
| Dollar Volume | $682,498,494 | $854,845,080 | -20.2% |
| % of Original List Price Received | 95 | 97 | -2% |
| Median Time to Contract | 48 | 34 | 41.2% |
| Median Time to Sales | 87 | 76 | 14.5% |
| Active Inventory | 10,094 | 6,405 | 57.6% |
| Months Supply of Inventory | 9.5 | 5 | 75.9% |
| Broward Single Family Homes | August 2024 | August 2023 | % Change Year-over-Year |
| Closed Sales | 1,161 | 1,178 | -1.4% |
| % Paid in Cash | 21.1% | 25.3% | -16.6% |
| Median Sale Price | $606,000 | $600,000 | 1.0% |
| Dollar Volume | $894,043,143 | $941,860,476 | -5.1% |
| % of Original List Price Received | 96 | 97 | -1% |
| Median Time to Contract | 32 | 23 | 39.1% |
| Median Time to Sales | 73 | 62 | 17.7% |
| Active Inventory | 4,604 | 2,893 | 59.1% |
| Months Supply of Inventory | 4.5 | 2.8 | 60.7% |
| Broward Townhomes & Condos | August 2024 | August 2023 | % Change Year-over-Year |
| Closed Sales | 1,109 | 1,232 | -10.0% |
| % Paid in Cash | 47.3% | 50.3% | -5.9% |
| Median Sale Price | $275,000 | $275,000 | 0.0% |
| Dollar Volume | $370,892,851 | $416,565,072 | -11.0% |
| % of Original List Price Received | 94 | 97 | -2.9% |
| Median Time to Contract | 56 | 26 | 115.4% |
| Median Time to Sales | 99 | 69 | 43.5% |
| Active Inventory | 9,190 | 4,635 | 98.3% |
| Months Supply of Inventory | 8.3 | 3.8 | 118.4% |
| Palm Beach Single Family Homes | August 2024 | August 2023 | % Change Year-over-Year |
| Closed Sales | 1,113 | 1,249 | -10.89% |
| % Paid in Cash | 41.0% | 42.8% | -4.2% |
| Median Sale Price | $617,500 | $605,000 | 2.07% |
| Dollar Volume | $1,081,955,091 | $1,118,387,074 | -3.3% |
| % of Original List Price Received | 94 | 96 | -2% |
| Median Time to Contract | 40 | 24 | 66.67% |
| Median Time to Sales | 81 | 70 | 15.71% |
| Active Inventory | 5,257 | 3,405 | 54.39% |
| Months Supply of Inventory | 4.7 | 2.9 | 62.1% |
| Palm Beach Townhomes & Condos | August 2024 | August 2023 | % Change Year-over-Year |
| Closed Sales | 858 | 1,066 | -19.5% |
| % Paid in Cash | 51.9% | 56.1% | -7.5% |
| Median Sale Price | $315,000 | $305,000 | 3.3% |
| Dollar Volume | $372,506,706 | $476,899,618 | -21.9% |
| % of Original List Price Received | 93 | 96 | -3% |
| Median Time to Contract | 51 | 28 | 82.1% |
| Median Time to Sales | 87 | 71 | 22.5% |
| Active Inventory | 6,286 | 3,548 | 77.2% |
| Months Supply of Inventory | 7.1 | 3.6 | 97.2% |
| Martin Single Family Homes | August 2024 | August 2023 | % Change Year-over-Year |
| Closed Sales | 154 | 164 | -6.1% |
| % Paid in Cash | 39.6% | 44.5% | -11.0% |
| Median Sale Price | $577,500 | $575,000 | 0.4% |
| Dollar Volume | $110,973,016 | $128,268,828 | -13.5% |
| % of Original List Price Received | 94 | 95 | -2% |
| Median Time to Contract | 48 | 25 | 92.0% |
| Median Time to Sales | 87 | 67 | 29.9% |
| Active Inventory | 713 | 462 | 54.3% |
| Months Supply of Inventory | 4.4 | 2.9 | 51.7% |
| Martin Townhomes & Condos | August 2024 | August 2023 | % Change Year-over-Year |
| Closed Sales | 66 | 94 | -29.8% |
| % Paid in Cash | 54.5% | 60.6% | -10.0% |
| Median Sale Price | $290,000 | $291,000 | -0.3% |
| Dollar Volume | $21,112,476 | $33,486,560 | -37.0% |
| % of Original List Price Received | 92 | 95 | -3.1% |
| Median Time to Contract | 59 | 27 | 118.5% |
| Median Time to Sales | 114 | 65 | 75.4% |
| Active Inventory | 539 | 291 | 85.2% |
| Months Supply of Inventory | 6.6 | 3.3 | 100.0% |
| Saint Lucie Single Family Homes | August 2024 | August 2023 | % Change Year-over-Year |
| Closed Sales | 538 | 505 | 6.5% |
| % Paid in Cash | 23.4% | 25.3% | -7.6% |
| Median Sale Price | $405,000 | $395,000 | 2.5% |
| Dollar Volume | $233,131,540 | $214,634,090 | 8.6% |
| % of Original List Price Received | 96 | 98 | -1.7% |
| Median Time to Contract | 45 | 29 | 55.2% |
| Median Time to Sales | 87 | 70 | 24.3% |
| Active Inventory | 2,184 | 1,311 | 66.6% |
| Months Supply of Inventory | 4.7 | 2.7 | 74.1% |
| Saint Lucie Townhomes & Condos | August 2024 | August 2023 | % Change Year-over-Year |
| Closed Sales | 79 | 112 | -29.5% |
| % Paid in Cash | 43.0% | 49.1% | -12.4% |
| Median Sale Price | $330,105 | $324,950 | 1.6% |
| Dollar Volume | $33,537,791 | $43,253,840 | -22.5% |
| % of Original List Price Received | 92 | 96 | -4.8% |
| Median Time to Contract | 82 | 37 | 121.6% |
| Median Time to Sales | 123 | 78 | 57.7% |
| Active Inventory | 667 | 376 | 77.4% |
| Months Supply of Inventory | 8.1 | 4.4 | 84.1% |
Summary Reports
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Martin County_Townhouses and Condos_2024-08_Summary
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Palm Beach County_Single Family Homes_2024-08_Summary
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Martin County_Single Family Homes_2024-08_Summary
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Palm Beach County_Townhouses and Condos_2024-08_Summary
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St. Lucie County_Single Family Homes_2024-08_Summary
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Miami-Dade County_Townhouses and Condos_2024-08_Summary
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Broward County_Townhouses and Condos_2024-08_Summary
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Broward County_Single Family Homes_2024-08_Summary
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Miami-Dade County_Single Family Homes_2024-08_Summary
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St. Lucie County_Townhouses and Condos_2024-08_Summary
Detailed Reports
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Miami-Dade County_Townhouses and Condos_2024-08_Detail
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St. Lucie County_Townhouses and Condos_2024-08_Detail
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Palm Beach County_Townhouses and Condos_2024-08_Detail
-
Broward County_Single Family Homes_2024-08_Detail
-
Miami-Dade County_Single Family Homes_2024-08_Detail
-
Broward County_Townhouses and Condos_2024-08_Detail
-
Martin County_Single Family Homes_2024-08_Detail
-
St. Lucie County_Single Family Homes_2024-08_Detail
-
Palm Beach County_Single Family Homes_2024-08_Detail
-
Martin County_Townhouses and Condos_2024-08_Detail
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