Closed Sales
Monthly Market Detail - August 2024 Townhouses and Condos Miami-Dade County
Summary Statistics |
August 2024 |
August 2023 |
Percent Change Year-over-Year |
Closed Sales Paid in Cash
1,038 1,230 -15.6 % 450 612 -26.5 %
Median Sale Price $ 415,000
$ 416,000 -0.2 %
Average Sale Price Dollar Volume
$ 657,513 $ 694,996 -5.4 % $ 682.5 Million $ 854.8 Million -20.2 %
Median Percent of Original List Price Received
94.8 % 96.5 % -1.8 %
Median Time to Contract 48 Days 34 Days 41.2 %
Median Time to Sale |
87 Days |
76 Days |
14.5 % |
New Pending Sales New Listings
1,069 2,191
1,322 -19.1 %
2,002 9.4 %
Pending Inventory 1,574 Inventory ( Active Listings ) 10,094 Months Supply of Inventory 9.5
1,923 -18.1 % 6,405 57.6 % 5.4 75.9 %
Closed Sales
The number of sales transactions which closed during the month
Economists ' note : Closed Sales are one of the simplest — yet most important — indicators for the residential real estate market . When comparing Closed Sales across markets of different sizes , we recommend comparing the percent changes in sales rather than the number of sales . Closed Sales ( and many other market metrics ) are affected by seasonal cycles , so actual trends are more accurately represented by year-over-year changes ( i . e . comparing a month ' s sales to the amount of sales in the same month in the previous year ), rather than changes from one month to the next .
Month |
Closed Sales |
Percent Change
Year-over-Year
|
Year-to-Date |
8,620 |
-9.4% |
August 2024 |
1,038 |
-15.6% |
July 2024 |
1,114 |
-2.4% |
June 2024 |
1,085 |
-20.2% |
May 2024 |
1,295 |
-5.6% |
April 2024 |
1,277 |
4.5 % |
March 2024 |
1,100 |
-22.5% |
February 2024 |
941 |
-2.5% |
January 2024 |
770 |
-4.8% |
December 2023 |
960 |
-7.2% |
November 2023 |
944 |
-12.0% |
October 2023 |
1,100 |
-7.0% |
September 2023 |
1,090 |
-16.7% |
August 2023 |
1,230 |
-16.5% |
3,000 2,500 2,000 1,500 1,000
500 0
2020 2021 2022 2023 2024
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services . Statistics for each month compiled from MLS feeds on the 15th day of the following month . Data released on Thursday , September 19 , 2024 . Next data release is Wednesday , October 23 , 2024 .