South Florida Market Stats
March 2024
| Miami Single Family Homes | March 2024 | March 2023 | % Change Year-over-Year |
| Closed Sales | 1,041 | 1,093 | -4.8% |
| % Paid in Cash | 24.2% | 23.8% | 1.8% |
| Median Sale Price | $650,000 | $570,000 | 14.0% |
| Dollar Volume | $1,129,628,658 | $992,625,438 | 13.8% |
| % of Original List Price Received | 97 | 96 | 1% |
| Median Time to Contract | 31 | 35 | -11.4% |
| Median Time to Sales | 70 | 73 | -4.1% |
| Active Inventory | 3,768 | 3,299 | 14.2% |
| Months Supply of Inventory | 4.3 | 3.5 | 22.9% |
| Miami Townhomes & Condos | March 2024 | March 2023 | % Change Year-over-Year |
| Closed Sales | 1,100 | 1,420 | -22.5% |
| % Paid in Cash | 49.5% | 53.7% | -8.7% |
| Median Sale Price | $445,000 | $400,000 | 11.3% |
| Dollar Volume | $862,140,400 | $1,073,315,520 | -19.7% |
| % of Original List Price Received | 96 | 96 | -1% |
| Median Time to Contract | 43 | 37 | 16.2% |
| Median Time to Sales | 80 | 76 | 5.3% |
| Active Inventory | 9,088 | 6,519 | 39.4% |
| Months Supply of Inventory | 8.2 | 5 | 74.5% |
| Broward Single Family Homes | March 2024 | March 2023 | % Change Year-over-Year |
| Closed Sales | 1,084 | 1,271 | -14.7% |
| % Paid in Cash | 28.3% | 22.8% | 24.1% |
| Median Sale Price | $607,000 | $565,000 | 7.4% |
| Dollar Volume | $935,522,352 | $978,212,440 | -4.4% |
| % of Original List Price Received | 96 | 96 | 0% |
| Median Time to Contract | 35 | 33 | 6.1% |
| Median Time to Sales | 71 | 73 | -2.7% |
| Active Inventory | 4,007 | 2,988 | 34.1% |
| Months Supply of Inventory | 3.9 | 2.7 | 44.4% |
| Broward Townhomes & Condos | March 2024 | March 2023 | % Change Year-over-Year |
| Closed Sales | 1,197 | 1,542 | -22.4% |
| % Paid in Cash | 55.6% | 54.1% | 2.7% |
| Median Sale Price | $288,750 | $269,500 | 7.1% |
| Dollar Volume | $454,631,373 | $539,695,374 | -15.8% |
| % of Original List Price Received | 95 | 96 | -1.2% |
| Median Time to Contract | 39 | 27 | 44.4% |
| Median Time to Sales | 77 | 67 | 14.9% |
| Active Inventory | 8,477 | 4,377 | 93.7% |
| Months Supply of Inventory | 7.2 | 3.2 | 125.0% |
| Palm Beach Single Family Homes | March 2024 | March 2023 | % Change Year-over-Year |
| Closed Sales | 1,226 | 1,465 | -16.31% |
| % Paid in Cash | 45.5% | 42.8% | 6.3% |
| Median Sale Price | $640,000 | $575,000 | 11.30% |
| Dollar Volume | $1,466,841,570 | $1,324,200,315 | 10.8% |
| % of Original List Price Received | 95 | 95 | 0% |
| Median Time to Contract | 35 | 31 | 12.90% |
| Median Time to Sales | 76 | 73 | 4.11% |
| Active Inventory | 5,066 | 3,876 | 30.70% |
| Months Supply of Inventory | 4.4 | 3.2 | 37.5% |
| Palm Beach Townhomes & Condos | March 2024 | March 2023 | % Change Year-over-Year |
| Closed Sales | 997 | 1,335 | -25.3% |
| % Paid in Cash | 65.2% | 62.4% | 4.5% |
| Median Sale Price | $330,000 | $312,000 | 5.8% |
| Dollar Volume | $528,057,062 | $702,949,590 | -24.9% |
| % of Original List Price Received | 94 | 94 | -1% |
| Median Time to Contract | 41 | 35 | 17.1% |
| Median Time to Sales | 77 | 76 | 1.3% |
| Active Inventory | 6,496 | 3,880 | 67.4% |
| Months Supply of Inventory | 6.8 | 3.7 | 83.8% |
| Martin Single Family Homes | March 2024 | March 2023 | % Change Year-over-Year |
| Closed Sales | 188 | 225 | -16.4% |
| % Paid in Cash | 46.3% | 52.0% | -11.0% |
| Median Sale Price | $575,000 | $589,000 | -2.4% |
| Dollar Volume | $155,620,196 | $216,610,650 | -28.2% |
| % of Original List Price Received | 95 | 95 | 0% |
| Median Time to Contract | 39 | 37 | 5.4% |
| Median Time to Sales | 78 | 78 | 0.0% |
| Active Inventory | 691 | 489 | 41.3% |
| Months Supply of Inventory | 4.2 | 3.1 | 35.5% |
| Martin Townhomes & Condos | March 2024 | March 2023 | % Change Year-over-Year |
| Closed Sales | 109 | 113 | -3.5% |
| % Paid in Cash | 63.3% | 60.2% | 5.2% |
| Median Sale Price | $315,000 | $267,000 | 18.0% |
| Dollar Volume | $41,411,934 | $36,166,780 | 14.5% |
| % of Original List Price Received | 95 | 95 | -0.5% |
| Median Time to Contract | 41 | 31 | 32.3% |
| Median Time to Sales | 106 | 66 | 60.6% |
| Active Inventory | 520 | 289 | 79.9% |
| Months Supply of Inventory | 6.0 | 3.3 | 81.8% |
| Saint Lucie Single Family Homes | March 2024 | March 2023 | % Change Year-over-Year |
| Closed Sales | 480 | 545 | -11.9% |
| % Paid in Cash | 30.8% | 24.2% | 27.3% |
| Median Sale Price | $390,000 | $375,000 | 4.0% |
| Dollar Volume | $207,404,640 | $222,040,630 | -6.6% |
| % of Original List Price Received | 97 | 95 | 1.5% |
| Median Time to Contract | 41 | 42 | -2.4% |
| Median Time to Sales | 80 | 79 | 1.3% |
| Active Inventory | 1,954 | 1,429 | 36.7% |
| Months Supply of Inventory | 4.2 | 2.8 | 50.0% |
| Saint Lucie Townhomes & Condos | March 2024 | March 2023 | % Change Year-over-Year |
| Closed Sales | 121 | 113 | 7.1% |
| % Paid in Cash | 57.9% | 61.1% | -5.3% |
| Median Sale Price | $314,874 | $295,000 | 6.7% |
| Dollar Volume | $45,272,029 | $38,061,451 | 18.9% |
| % of Original List Price Received | 95 | 95 | 0.0% |
| Median Time to Contract | 48 | 31 | 54.8% |
| Median Time to Sales | 87 | 67 | 29.9% |
| Active Inventory | 671 | 397 | 69.0% |
| Months Supply of Inventory | 7.6 | 4.5 | 68.9% |
Summary Reports
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Miami-Dade County_Townhouses and Condos_2024-03_Summary
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Palm Beach County_Townhouses and Condos_2024-03_Summary
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Martin County_Single Family Homes_2024-03_Summary
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Martin County_Townhouses and Condos_2024-03_Summary
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Palm Beach County_Single Family Homes_2024-03_Summary
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St. Lucie County_Single Family Homes_2024-03_Summary
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Broward County_Townhouses and Condos_2024-03_Summary
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Broward County_Single Family Homes_2024-03_Summary
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Miami-Dade County_Single Family Homes_2024-03_Summary
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St. Lucie County_Townhouses and Condos_2024-03_Summary
Detailed Reports
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St. Lucie County_Townhouses and Condos_2024-03_Detail
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Miami-Dade County_Townhouses and Condos_2024-03_Detail
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Palm Beach County_Townhouses and Condos_2024-03_Detail
-
Miami-Dade County_Single Family Homes_2024-03_Detail
-
Broward County_Single Family Homes_2024-03_Detail
-
Martin County_Single Family Homes_2024-03_Detail
-
Broward County_Townhouses and Condos_2024-03_Detail
-
Palm Beach County_Single Family Homes_2024-03_Detail
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St. Lucie County_Single Family Homes_2024-03_Detail
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Martin County_Townhouses and Condos_2024-03_Detail
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