South Florida Market Stats
May 2024
| Miami Single Family Homes | May 2024 | May 2023 | % Change Year-over-Year |
| Closed Sales | 1,102 | 1,040 | 6.0% |
| % Paid in Cash | 26.2% | 24.3% | 7.8% |
| Median Sale Price | $650,000 | $620,000 | 4.8% |
| Dollar Volume | $1,311,169,518 | $1,077,596,000 | 21.7% |
| % of Original List Price Received | 96 | 97 | -1% |
| Median Time to Contract | 33 | 27 | 22.2% |
| Median Time to Sales | 76 | 71 | 7.0% |
| Active Inventory | 3,949 | 3,018 | 30.8% |
| Months Supply of Inventory | 4.4 | 3.3 | 33.3% |
| Miami Townhomes & Condos | May 2024 | May 2023 | % Change Year-over-Year |
| Closed Sales | 1,295 | 1,372 | -5.6% |
| % Paid in Cash | 49.0% | 53.4% | -9.1% |
| Median Sale Price | $425,000 | $415,000 | 2.4% |
| Dollar Volume | $943,785,640 | $983,596,404 | -4.0% |
| % of Original List Price Received | 95 | 96 | -1% |
| Median Time to Contract | 46 | 36 | 27.8% |
| Median Time to Sales | 87 | 77 | 13.0% |
| Active Inventory | 9,456 | 6,313 | 49.8% |
| Months Supply of Inventory | 8.6 | 5 | 68.6% |
| Broward Single Family Homes | May 2024 | May 2023 | % Change Year-over-Year |
| Closed Sales | 1,249 | 1,252 | -0.2% |
| % Paid in Cash | 24.3% | 23.2% | 4.7% |
| Median Sale Price | $625,000 | $585,000 | 6.8% |
| Dollar Volume | $1,073,596,685 | $976,275,796 | 10.0% |
| % of Original List Price Received | 97 | 97 | -1% |
| Median Time to Contract | 29 | 25 | 16.0% |
| Median Time to Sales | 67 | 65 | 3.1% |
| Active Inventory | 4,359 | 2,727 | 59.8% |
| Months Supply of Inventory | 4.3 | 2.6 | 65.4% |
| Broward Townhomes & Condos | May 2024 | May 2023 | % Change Year-over-Year |
| Closed Sales | 1,334 | 1,520 | -12.2% |
| % Paid in Cash | 52.8% | 54.9% | -3.8% |
| Median Sale Price | $282,000 | $270,000 | 4.4% |
| Dollar Volume | $500,484,784 | $558,268,640 | -10.4% |
| % of Original List Price Received | 94 | 96 | -2.8% |
| Median Time to Contract | 45 | 26 | 73.1% |
| Median Time to Sales | 84 | 67 | 25.4% |
| Active Inventory | 8,860 | 4,399 | 101.4% |
| Months Supply of Inventory | 7.6 | 3.4 | 123.5% |
| Palm Beach Single Family Homes | May 2024 | May 2023 | % Change Year-over-Year |
| Closed Sales | 1,439 | 1,460 | -1.44% |
| % Paid in Cash | 46.0% | 44.3% | 3.8% |
| Median Sale Price | $645,000 | $622,500 | 3.61% |
| Dollar Volume | $1,824,552,709 | $1,700,809,480 | 7.3% |
| % of Original List Price Received | 94 | 95 | -1% |
| Median Time to Contract | 39 | 27 | 44.44% |
| Median Time to Sales | 84 | 75 | 12.00% |
| Active Inventory | 5,108 | 3,529 | 44.74% |
| Months Supply of Inventory | 4.4 | 3.0 | 46.7% |
| Palm Beach Townhomes & Condos | May 2024 | May 2023 | % Change Year-over-Year |
| Closed Sales | 1,134 | 1,315 | -13.8% |
| % Paid in Cash | 60.1% | 60.9% | -1.3% |
| Median Sale Price | $340,000 | $315,000 | 7.9% |
| Dollar Volume | $644,235,606 | $692,375,115 | -7.0% |
| % of Original List Price Received | 94 | 94 | -1% |
| Median Time to Contract | 44 | 32 | 37.5% |
| Median Time to Sales | 85 | 73 | 16.4% |
| Active Inventory | 6,618 | 3,669 | 80.4% |
| Months Supply of Inventory | 7.0 | 3.7 | 89.2% |
| Martin Single Family Homes | May 2024 | May 2023 | % Change Year-over-Year |
| Closed Sales | 206 | 207 | -0.5% |
| % Paid in Cash | 57.3% | 50.2% | 14.0% |
| Median Sale Price | $573,995 | $632,000 | -9.2% |
| Dollar Volume | $215,506,282 | $204,065,154 | 5.6% |
| % of Original List Price Received | 95 | 95 | 0% |
| Median Time to Contract | 39 | 31 | 25.8% |
| Median Time to Sales | 76 | 75 | 1.3% |
| Active Inventory | 722 | 463 | 55.9% |
| Months Supply of Inventory | 4.4 | 2.9 | 51.7% |
| Martin Townhomes & Condos | May 2024 | May 2023 | % Change Year-over-Year |
| Closed Sales | 115 | 95 | 21.1% |
| % Paid in Cash | 60.0% | 65.3% | -8.1% |
| Median Sale Price | $299,900 | $305,000 | -1.7% |
| Dollar Volume | $42,917,770 | $40,088,765 | 7.1% |
| % of Original List Price Received | 94 | 95 | -1.1% |
| Median Time to Contract | 55 | 26 | 111.5% |
| Median Time to Sales | 94 | 67 | 40.3% |
| Active Inventory | 561 | 298 | 88.3% |
| Months Supply of Inventory | 6.4 | 3.5 | 82.9% |
| Saint Lucie Single Family Homes | May 2024 | May 2023 | % Change Year-over-Year |
| Closed Sales | 557 | 548 | 1.6% |
| % Paid in Cash | 28.0% | 24.1% | 16.3% |
| Median Sale Price | $400,000 | $390,000 | 2.6% |
| Dollar Volume | $249,815,057 | $222,966,404 | 12.0% |
| % of Original List Price Received | 97 | 97 | -0.2% |
| Median Time to Contract | 38 | 34 | 11.8% |
| Median Time to Sales | 82 | 77 | 6.5% |
| Active Inventory | 2,062 | 1,171 | 76.1% |
| Months Supply of Inventory | 4.4 | 2.4 | 83.3% |
| Saint Lucie Townhomes & Condos | May 2024 | May 2023 | % Change Year-over-Year |
| Closed Sales | 113 | 123 | -8.1% |
| % Paid in Cash | 52.2% | 52.8% | -1.2% |
| Median Sale Price | $298,000 | $305,000 | -2.3% |
| Dollar Volume | $36,695,846 | $43,081,242 | -14.8% |
| % of Original List Price Received | 93 | 96 | -2.3% |
| Median Time to Contract | 60 | 35 | 71.4% |
| Median Time to Sales | 89 | 84 | 6.0% |
| Active Inventory | 694 | 375 | 85.1% |
| Months Supply of Inventory | 7.9 | 4.5 | 75.6% |
Summary Reports
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St. Lucie County_Single Family Homes_2024-05_Summary
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Palm Beach County_Single Family Homes_2024-05_Summary
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Martin County_Townhouses and Condos_2024-05_Summary
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Martin County_Single Family Homes_2024-05_Summary
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Palm Beach County_Townhouses and Condos_2024-05_Summary
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Miami-Dade County_Townhouses and Condos_2024-05_Summary
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Miami-Dade County_Single Family Homes_2024-05_Summary
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St. Lucie County_Townhouses and Condos_2024-05_Summary
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Broward County_Single Family Homes_2024-05_Summary
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Broward County_Townhouses and Condos_2024-05_Summary
Detailed Reports
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St. Lucie County_Single Family Homes_2024-05_Detail
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Palm Beach County_Single Family Homes_2024-05_Detail
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Martin County_Townhouses and Condos_2024-05_Detail
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Broward County_Townhouses and Condos_2024-05_Detail
-
Martin County_Single Family Homes_2024-05_Detail
-
Palm Beach County_Townhouses and Condos_2024-05_Detail
-
Broward County_Single Family Homes_2024-05_Detail
-
Miami-Dade County_Single Family Homes_2024-05_Detail
-
Miami-Dade County_Townhouses and Condos_2024-05_Detail
-
St. Lucie County_Townhouses and Condos_2024-05_Detail
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