Market Snapshot
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Miami Single Family Homes | September 2023 | September 2022 | % Change Year-over-Year |
Closed Sales | 894 | 869 | 2.9% |
% Paid in Cash | 27.4% | 24.3% | 12.9% |
Median Sale Price | $600,000 | $568,000 | 5.6% |
Dollar Volume | $983,178,288 | $759,560,747 | 29.4% |
% of Original List Price Received | 98 | 97 | 1% |
Median Time to Contract | 21 | 24 | -12.5% |
Median Time to Sales | 64 | 68 | -5.9% |
Active Inventory | 3,318 | 3,912 | -15.2% |
Months Supply of Inventory | 3.8 | 3.5 | 8.6% |
Miami Townhomes & Condos | September 2023 | September 2022 | % Change Year-over-Year |
Closed Sales | 1,090 | 1,309 | -16.7% |
% Paid in Cash | 52.5% | 49.6% | 5.5% |
Median Sale Price | $415,000 | $395,000 | 5.1% |
Dollar Volume | $684,667,150 | $832,848,632 | -17.8% |
% of Original List Price Received | 97 | 97 | -1% |
Median Time to Contract | 30 | 28 | 7.1% |
Median Time to Sales | 72 | 71 | 1.4% |
Active Inventory | 6,685 | 6,399 | 4.5% |
Months Supply of Inventory | 5.8 | 4 | 65.7% |
Broward Single Family Homes | September 2023 | September 2022 | % Change Year-over-Year |
Closed Sales | 1,056 | 1,033 | 2.2% |
% Paid in Cash | 27.1% | 25.1% | 8.0% |
Median Sale Price | $602,000 | $565,000 | 6.5% |
Dollar Volume | $885,496,128 | $751,974,416 | 17.8% |
% of Original List Price Received | 97 | 97 | 0% |
Median Time to Contract | 21 | 22 | -4.5% |
Median Time to Sales | 62 | 61 | 1.6% |
Active Inventory | 3,107 | 3,531 | -12.0% |
Months Supply of Inventory | 3.0 | 2.7 | 11.1% |
Broward Townhomes & Condos | September 2023 | September 2022 | % Change Year-over-Year |
Closed Sales | 1,122 | 1,315 | -14.7% |
% Paid in Cash | 51.2% | 52.2% | -1.9% |
Median Sale Price | $270,000 | $265,000 | 1.9% |
Dollar Volume | $384,054,990 | $473,510,460 | -18.9% |
% of Original List Price Received | 97 | 98 | -1.2% |
Median Time to Contract | 25 | 18 | 38.9% |
Median Time to Sales | 68 | 58 | 17.2% |
Active Inventory | 5,015 | 3,624 | 38.4% |
Months Supply of Inventory | 4.1 | 2.2 | 86.4% |
Palm Beach Single Family Homes | September 2023 | September 2022 | % Change Year-over-Year |
Closed Sales | 1,102 | 1,170 | -5.81% |
% Paid in Cash | 44.4% | 41.5% | 7.0% |
Median Sale Price | $600,000 | $580,000 | 3.45% |
Dollar Volume | $1,043,522,370 | $1,006,558,020 | 3.7% |
% of Original List Price Received | 96 | 95 | 1% |
Median Time to Contract | 24 | 22 | 9.09% |
Median Time to Sales | 67 | 67 | 0.00% |
Active Inventory | 3,765 | 3,977 | -5.33% |
Months Supply of Inventory | 3.3 | 2.9 | 13.8% |
Palm Beach Townhomes & Condos | September 2023 | September 2022 | % Change Year-over-Year |
Closed Sales | 926 | 939 | -1.4% |
% Paid in Cash | 59.8% | 57.3% | 4.4% |
Median Sale Price | $309,900 | $290,000 | 6.9% |
Dollar Volume | $430,722,418 | $370,941,621 | 16.1% |
% of Original List Price Received | 95 | 97 | -1% |
Median Time to Contract | 33 | 20 | 65.0% |
Median Time to Sales | 78 | 62 | 25.8% |
Active Inventory | 3,763 | 2,806 | 34.1% |
Months Supply of Inventory | 3.8 | 2.2 | 72.7% |
Martin Single Family Homes | September 2023 | September 2022 | % Change Year-over-Year |
Closed Sales | 144 | 160 | -10.0% |
% Paid in Cash | 42.4% | 37.5% | 13.0% |
Median Sale Price | $577,645 | $551,000 | 4.8% |
Dollar Volume | $103,463,568 | $121,386,560 | -14.8% |
% of Original List Price Received | 96 | 96 | 0% |
Median Time to Contract | 25 | 17 | 47.1% |
Median Time to Sales | 69 | 61 | 13.1% |
Active Inventory | 461 | 486 | -5.1% |
Months Supply of Inventory | 2.9 | 2.7 | 7.4% |
Martin Townhomes & Condos | September 2023 | September 2022 | % Change Year-over-Year |
Closed Sales | 71 | 84 | -15.5% |
% Paid in Cash | 67.6% | 52.4% | 29.1% |
Median Sale Price | $285,000 | $299,000 | -4.7% |
Dollar Volume | $23,295,952 | $27,274,380 | -14.6% |
% of Original List Price Received | 95 | 97 | -2.1% |
Median Time to Contract | 38 | 15 | 153.3% |
Median Time to Sales | 72 | 56 | 28.6% |
Active Inventory | 335 | 217 | 54.4% |
Months Supply of Inventory | 3.8 | 2.3 | 65.2% |
Saint Lucie Single Family Homes | September 2023 | September 2022 | % Change Year-over-Year |
Closed Sales | 474 | 500 | -5.2% |
% Paid in Cash | 26.8% | 28.6% | -6.3% |
Median Sale Price | $394,500 | $392,590 | 0.5% |
Dollar Volume | $197,212,914 | $207,368,000 | -4.9% |
% of Original List Price Received | 98 | 98 | 0.4% |
Median Time to Contract | 24 | 22 | 9.1% |
Median Time to Sales | 70 | 65 | 7.7% |
Active Inventory | 1,408 | 1,681 | -16.2% |
Months Supply of Inventory | 3.0 | 2.8 | 7.1% |
Saint Lucie Townhomes & Condos | September 2023 | September 2022 | % Change Year-over-Year |
Closed Sales | 87 | 87 | 0.0% |
% Paid in Cash | 56.3% | 58.6% | -3.9% |
Median Sale Price | $315,000 | $275,000 | 14.5% |
Dollar Volume | $29,884,065 | $27,718,896 | 7.8% |
% of Original List Price Received | 95 | 96 | -1.0% |
Median Time to Contract | 47 | 21 | 123.8% |
Median Time to Sales | 86 | 54 | 59.3% |
Active Inventory | 405 | 240 | 68.8% |
Months Supply of Inventory | 4.8 | 2.2 | 118.2% |
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