Market Snapshot
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Miami Single Family Homes | May 2022 | May 2021 | % Change Year-over-Year |
Closed Sales | 1,193 | 1,360 | -12.3% |
% Paid in Cash | 30.4% | 24.0% | 26.9% |
Median Sale Price | $575,000 | $500,000 | 15.0% |
Dollar Volume | $1,301,739,564 | $1,419,747,520 | -8.3% |
% of Original List Price Received |
100 | 99 | 1% |
Median Time to Contract | 14 | 18 | -22.2% |
Median Time to Sales | 58 | 67 | -13.4% |
Active Inventory | 2,790 | 2,784 | 0.2% |
Months Supply of Inventory | 2.2 | 2.2 | 0.0% |
Miami Townhomes & Condos | May 2022 | May 2021 | % Change Year-over-Year |
Closed Sales | 2,005 | 2,176 | -7.9% |
% Paid in Cash | 52.7% | 48.3% | 8.5% |
Median Sale Price | $415,000 | $325,000 | 27.7% |
Dollar Volume | $1,517,333,875 | $1,472,444,800 | 3.0% |
% of Original List Price Received |
100 | 96 | 4% |
Median Time to Contract | 21 | 49 | -57.1% |
Median Time to Sales | 67 | 94 | -28.7% |
Active Inventory | 5,024 | 8,946 | -43.8% |
Months Supply of Inventory | 2.5 | 6 | -58.3% |
Broward Single Family Homes | May 2022 | May 2021 | % Change Year-over-Year |
Closed Sales | 1,431 | 1,634 | -12.4% |
% Paid in Cash | 28.7% | 21.8% | 31.5% |
Median Sale Price | $586,000 | $463,750 | 26.4% |
Dollar Volume | $1,186,390,584 | $1,078,992,292 | 10.0% |
% of Original List Price Received |
101 | 100 | 1% |
Median Time to Contract | 11 | 12 | -8.3% |
Median Time to Sales | 50 | 57 | -12.3% |
Active Inventory | 2,215 | 2,118 | 4.6% |
Months Supply of Inventory | 1.5 | 1.4 | 7.1% |
Broward Townhomes & Condos | May 2022 | May 2021 | % Change Year-over-Year |
Closed Sales | 1,791 | 2,071 | -13.5% |
% Paid in Cash | 59.8% | 51.6% | 16.0% |
Median Sale Price | $253,500 | $210,000 | 20.7% |
Dollar Volume | $680,458,212 | $613,339,076 | 10.9% |
% of Original List Price Received |
100 | 96 | 3.7% |
Median Time to Contract | 14 | 33 | -57.6% |
Median Time to Sales | 56 | 76 | -26.3% |
Active Inventory | 2,595 | 4,361 | -40.5% |
Months Supply of Inventory | 1.4 | 2.7 | -48.1% |
Palm Beach Single Family Homes | May 2022 | May 2021 | % Change Year-over-Year |
Closed Sales | 1,527 | 1,890 | -19.21% |
% Paid in Cash | 49.1% | 44.2% | 11.2% |
Median Sale Price | $615,000 | $475,000 | 29.47% |
Dollar Volume | $1,528,322,382 | $1,859,106,060 | -17.8% |
% of Original List Price Received |
100 | 100 | 1% |
Median Time to Contract | 11 | 11 | 0.00% |
Median Time to Sales | 51 | 58 | -12.07% |
Active Inventory | 2,631 | 2,138 | 23.06% |
Months Supply of Inventory | 1.7 | 1.3 | 30.8% |
Palm Beach Townhomes & Condos |
May 2022 | May 2021 | % Change Year-over-Year |
Closed Sales | 1,429 | 1,887 | -24.3% |
% Paid in Cash | 66.3% | 62.3% | 6.5% |
Median Sale Price | $307,500 | $250,000 | 23.0% |
Dollar Volume | $746,098,048 | $909,101,877 | -17.9% |
% of Original List Price Received |
100 | 97 | 3% |
Median Time to Contract | 10 | 22 | -54.5% |
Median Time to Sales | 50 | 67 | -25.4% |
Active Inventory | 1,955 | 2,460 | -20.5% |
Months Supply of Inventory | 1.3 | 1.8 | -27.8% |
Martin Single Family Homes | May 2022 | May 2021 | % Change Year-over-Year |
Closed Sales | 216 | 273 | -20.9% |
% Paid in Cash | 48.1% | 46.5% | 3.5% |
Median Sale Price | $584,498 | $469,900 | 24.4% |
Dollar Volume | $206,528,400 | $262,638,285 | -21.4% |
% of Original List Price Received |
100 | 99 | 1% |
Median Time to Contract | 11 | 12 | -8.3% |
Median Time to Sales | 51 | 59 | -13.6% |
Active Inventory | 341 | 276 | 23.6% |
Months Supply of Inventory | 1.7 | 1.1 | 54.5% |
Martin Townhomes & Condos | May 2022 | May 2021 | % Change Year-over-Year |
Closed Sales | 113 | 141 | -19.9% |
% Paid in Cash | 63.7% | 66.0% | -3.4% |
Median Sale Price | $289,900 | $227,500 | 27.4% |
Dollar Volume | $47,499,776 | $44,043,042 | 7.8% |
% of Original List Price Received |
100 | 99 | 1.0% |
Median Time to Contract | 9 | 9 | 0.0% |
Median Time to Sales | 46 | 52 | -11.5% |
Active Inventory | 138 | 130 | 6.2% |
Months Supply of Inventory | 1.3 | 1.1 | 18.2% |
Saint Lucie Single Family Homes |
May 2022 | May 2021 | % Change Year-over-Year |
Closed Sales | 671 | 656 | 2.3% |
% Paid in Cash | 28.8% | 27.7% | 3.7% |
Median Sale Price | $390,000 | $299,000 | 30.4% |
Dollar Volume | $297,987,074 | $221,388,192 | 34.6% |
% of Original List Price Received |
100 | 100 | 0.0% |
Median Time to Contract | 10 | 9 | 11.1% |
Median Time to Sales | 54 | 56 | -3.6% |
Active Inventory | 829 | 601 | 37.9% |
Months Supply of Inventory | 1.3 | 1.0 | 30.0% |
Saint Lucie Townhomes & Condos |
May 2022 | May 2021 | % Change Year-over-Year |
Closed Sales | 124 | 190 | -34.7% |
% Paid in Cash | 54.0% | 48.4% | 11.6% |
Median Sale Price | $280,000 | $236,450 | 18.4% |
Dollar Volume | $43,503,044 | $53,704,260 | -19.0% |
% of Original List Price Received |
100 | 99 | 0.9% |
Median Time to Contract | 9 | 11 | -18.2% |
Median Time to Sales | 47 | 54 | -13.0% |
Active Inventory | 163 | 164 | -0.6% |
Months Supply of Inventory | 1.4 | 1.2 | 16.7% |
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