South Florida Market Stats
February 2024
| Miami Single Family Homes | February 2024 | February 2023 | % Change Year-over-Year |
| Closed Sales | 764 | 727 | 5.1% |
| % Paid in Cash | 29.1% | 26.0% | 11.8% |
| Median Sale Price | $650,000 | $555,000 | 17.1% |
| Dollar Volume | $767,924,668 | $706,177,266 | 8.7% |
| % of Original List Price Received | 96 | 95 | 1% |
| Median Time to Contract | 35 | 46 | -23.9% |
| Median Time to Sales | 77 | 85 | -9.4% |
| Active Inventory | 3,895 | 3,617 | 7.7% |
| Months Supply of Inventory | 4.4 | 3.8 | 15.8% |
| Miami Townhomes & Condos | February 2024 | February 2023 | % Change Year-over-Year |
| Closed Sales | 941 | 965 | -2.5% |
| % Paid in Cash | 54.9% | 55.9% | -1.7% |
| Median Sale Price | $420,000 | $390,000 | 7.7% |
| Dollar Volume | $708,935,285 | $662,531,365 | 7.0% |
| % of Original List Price Received | 95 | 96 | -1% |
| Median Time to Contract | 49 | 45 | 8.9% |
| Median Time to Sales | 87 | 82 | 6.1% |
| Active Inventory | 8,826 | 6,665 | 32.4% |
| Months Supply of Inventory | 7.8 | 5 | 73.3% |
| Broward Single Family Homes | February 2024 | February 2023 | % Change Year-over-Year |
| Closed Sales | 831 | 833 | -0.2% |
| % Paid in Cash | 28.3% | 28.5% | -0.6% |
| Median Sale Price | $625,000 | $560,000 | 11.6% |
| Dollar Volume | $720,118,008 | $614,573,239 | 17.2% |
| % of Original List Price Received | 96 | 95 | 1% |
| Median Time to Contract | 40 | 42 | -4.8% |
| Median Time to Sales | 76 | 78 | -2.6% |
| Active Inventory | 3,901 | 3,176 | 22.8% |
| Months Supply of Inventory | 3.8 | 2.8 | 35.7% |
| Broward Townhomes & Condos | February 2024 | February 2023 | % Change Year-over-Year |
| Closed Sales | 986 | 1,006 | -2.0% |
| % Paid in Cash | 58.2% | 55.8% | 4.4% |
| Median Sale Price | $290,000 | $272,000 | 6.6% |
| Dollar Volume | $364,661,254 | $339,064,252 | 7.5% |
| % of Original List Price Received | 95 | 97 | -2.0% |
| Median Time to Contract | 43 | 29 | 48.3% |
| Median Time to Sales | 81 | 69 | 17.4% |
| Active Inventory | 8,170 | 4,547 | 79.7% |
| Months Supply of Inventory | 6.8 | 3.2 | 112.5% |
| Palm Beach Single Family Homes | February 2024 | February 2023 | % Change Year-over-Year |
| Closed Sales | 1,026 | 975 | 5.23% |
| % Paid in Cash | 47.3% | 47.0% | 0.6% |
| Median Sale Price | $615,000 | $549,500 | 11.92% |
| Dollar Volume | $1,058,360,040 | $887,887,650 | 19.2% |
| % of Original List Price Received | 94 | 94 | 1% |
| Median Time to Contract | 38 | 39 | -2.56% |
| Median Time to Sales | 78 | 81 | -3.70% |
| Active Inventory | 5,080 | 4,027 | 26.15% |
| Months Supply of Inventory | 4.4 | 3.3 | 33.3% |
| Palm Beach Townhomes & Condos | February 2024 | February 2023 | % Change Year-over-Year |
| Closed Sales | 736 | 819 | -10.1% |
| % Paid in Cash | 66.0% | 61.1% | 8.2% |
| Median Sale Price | $314,000 | $300,000 | 4.7% |
| Dollar Volume | $371,289,920 | $421,585,983 | -11.9% |
| % of Original List Price Received | 94 | 95 | -1% |
| Median Time to Contract | 44 | 36 | 22.2% |
| Median Time to Sales | 83 | 73 | 13.7% |
| Active Inventory | 6,242 | 3,973 | 57.1% |
| Months Supply of Inventory | 6.3 | 3.7 | 70.3% |
| Martin Single Family Homes | February 2024 | February 2023 | % Change Year-over-Year |
| Closed Sales | 163 | 121 | 34.7% |
| % Paid in Cash | 54.6% | 61.2% | -10.7% |
| Median Sale Price | $650,000 | $540,000 | 20.4% |
| Dollar Volume | $156,893,531 | $109,926,927 | 42.7% |
| % of Original List Price Received | 95 | 93 | 2% |
| Median Time to Contract | 40 | 41 | -2.4% |
| Median Time to Sales | 81 | 79 | 2.5% |
| Active Inventory | 677 | 515 | 31.5% |
| Months Supply of Inventory | 4.1 | 3.3 | 24.2% |
| Martin Townhomes & Condos | February 2024 | February 2023 | % Change Year-over-Year |
| Closed Sales | 85 | 83 | 2.4% |
| % Paid in Cash | 64.7% | 57.8% | 11.9% |
| Median Sale Price | $275,000 | $295,000 | -6.8% |
| Dollar Volume | $27,956,925 | $27,427,599 | 1.9% |
| % of Original List Price Received | 97 | 94 | 3.3% |
| Median Time to Contract | 41 | 40 | 2.5% |
| Median Time to Sales | 79 | 71 | 11.3% |
| Active Inventory | 548 | 308 | 77.9% |
| Months Supply of Inventory | 6.3 | 3.6 | 75.0% |
| Saint Lucie Single Family Homes | February 2024 | February 2023 | % Change Year-over-Year |
| Closed Sales | 425 | 419 | 1.4% |
| % Paid in Cash | 31.1% | 31.0% | 0.1% |
| Median Sale Price | $390,000 | $370,000 | 5.4% |
| Dollar Volume | $190,906,175 | $169,395,415 | 12.7% |
| % of Original List Price Received | 97 | 95 | 1.7% |
| Median Time to Contract | 35 | 43 | -18.6% |
| Median Time to Sales | 76 | 81 | -6.2% |
| Active Inventory | 1,949 | 1,599 | 21.9% |
| Months Supply of Inventory | 4.2 | 3.0 | 40.0% |
| Saint Lucie Townhomes & Condos | February 2024 | February 2023 | % Change Year-over-Year |
| Closed Sales | 72 | 53 | 35.8% |
| % Paid in Cash | 63.9% | 60.4% | 5.8% |
| Median Sale Price | $309,000 | $320,000 | -3.4% |
| Dollar Volume | $30,974,040 | $19,004,793 | 63.0% |
| % of Original List Price Received | 94 | 94 | -0.1% |
| Median Time to Contract | 58 | 30 | 93.3% |
| Median Time to Sales | 92 | 75 | 22.7% |
| Active Inventory | 642 | 399 | 60.9% |
| Months Supply of Inventory | 7.3 | 4.5 | 62.2% |
Summary Reports
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Broward County_Single Family Homes_2024-02_Summary
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Broward County_Townhouses and Condos_2024-02_Summary
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St. Lucie County_Townhouses and Condos_2024-02_Summary
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Miami-Dade County_Single Family Homes_2024-02_Summary
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Palm Beach County_Single Family Homes_2024-02_Summary
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Martin County_Townhouses and Condos_2024-02_Summary
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Palm Beach County_Townhouses and Condos_2024-02_Summary
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Martin County_Single Family Homes_2024-02_Summary
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St. Lucie County_Single Family Homes_2024-02_Summary
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Miami-Dade County_Townhouses and Condos_2024-02_Summary
Detailed Reports
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Martin County_Townhouses and Condos_2024-02_Detail
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Palm Beach County_Single Family Homes_2024-02_Detail
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St. Lucie County_Single Family Homes_2024-02_Detail
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Martin County_Single Family Homes_2024-02_Detail
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Broward County_Townhouses and Condos_2024-02_Detail
-
Miami-Dade County_Single Family Homes_2024-02_Detail
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Broward County_Single Family Homes_2024-02_Detail
-
Palm Beach County_Townhouses and Condos_2024-02_Detail
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St. Lucie County_Townhouses and Condos_2024-02_Detail
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Miami-Dade County_Townhouses and Condos_2024-02_Detail
South Florida Market Stat InfoGraphics and Videos. Download the South Florida Market Snapshot Info Graphics....
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