Median Time to Contract
Median Time to Sale
Monthly Market Detail - August 2024 Townhouses and Condos Miami-Dade County
Median Time to Contract
The median number of days between the listing date and contract date for all Closed Sales during the month
Economists ' note : Like Time to Sale , Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month . The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale . When the gap between Median Time to Contract and Median Time to Sale grows , it is usually a sign of longer closing times and / or declining numbers of cash sales .
Month
Median Time to Contract
Percent Change Year-over-Year
Year-to-Date |
53 Days |
32.5 % |
August 2024 |
48 Days |
41.2 % |
July 2024 |
51 Days |
59.4 % |
June 2024 |
50 Days |
56.3 % |
May 2024 |
46 Days |
27.8 % |
April 2024 |
46 Days |
24.3 % |
March 2024 |
43 Days |
16.2 % |
February 2024 |
49 Days |
8.9 % |
January 2024 |
47 Days |
6.8 % |
December 2023 |
37 Days |
8.8 % |
November 2023 |
32 Days |
-8.6% |
October 2023 |
33 Days |
6.5 % |
September 2023 |
30 Days |
7.1 % |
August 2023 |
34 Days |
47.8 % |
100
2020 2021 2022 2023 2024
80 60 40 20 0
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
Median Time to Sale
The median number of days between the listing date and closing date for all Closed Sales during the month
Economists ' note : Time to Sale is a measure of the length of the home selling process , calculated as the number of days between the initial listing of a property and the closing of the sale . Median Time to Sale is the amount of time the " middle " property selling this month was on the market . That is , 50 % of homes selling this month took less time to sell , and 50 % of homes took more time to sell . Median Time to Sale gives a more accurate picture than Average Time to Sale , which can be skewed upward by small numbers of properties taking an abnormally long time to sell .
Month |
Median Time to Sale |
Percent Change
Year-over-Year
|
Year-to-Date |
92 Days |
12.2 % |
August 2024 |
87 Days |
14.5 % |
July 2024 |
92 Days |
19.5 % |
June 2024 |
90 Days |
16.9 % |
May 2024 |
87 Days |
13.0 % |
April 2024 |
85 Days |
13.3 % |
March 2024 |
80 Days |
5.3 % |
February 2024 |
87 Days |
6.1 % |
January 2024 |
90 Days |
4.7 % |
December 2023 |
76 Days |
4.1 % |
November 2023 |
72 Days |
-2.7% |
October 2023 |
75 Days |
5.6 % |
September 2023 |
72 Days |
1.4 % |
August 2023 |
76 Days |
16.9 % |
140 120 100 80 60 40 20 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 .