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Miami Single-Family Homes

June 2023

June 2022

% Change Year-over-Year

Closed Sales 1,004 1,139 -11.9%
% Paid in Cash 26.6% 30.2% -11.9%
Median Sale Price $622,500 $579,000 7.5%
Dollar Volume $1,038,246,440 $1,200,985,519 -13.6%
% of Original List Price Received 97 100 -3%
Median Time to Contract 27 15 80.0%
Median Time to Sales 71 60 18.3%
Active Inventory 2,911 3,422 -14.9%
Months Supply of Inventory 3.3 2.8 17.9%
Miami Townhomes & Condos June 2023 June 2022 % Change Year-over-Year
Closed Sales 1,360 1,752 -22.4%
% Paid in Cash 56.0% 52.8% 5.6%
Median Sale Price $418,000 $410,000 2.0%
Dollar Volume $941,704,800 $1,260,758,472 -25.3%
% of Original List Price Received 96 100 -4%
Median Time to Contract 32 22 45.5%
Median Time to Sales 77 67 14.9%
Active Inventory 6,116 5,817 5.1%
Months Supply of Inventory 5.0 3 72.4%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Colombia is Once Again Top Country Searching Miami Real Estate

Colombia posted the most global web searches for Miami homes in May 2023, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia has now finished No. 1 or No. 2 among the top list of foreign countries searching for Miami real estate in each of the last 15 months. Colombia accounted for 10.9% of all international searches on MiamiRealtors.com in May 2023, near its percentage of searches in May 2022 (12.34%).

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