Closed Sales Median Time to Contract
Monthly Market Detail - August 2024 Townhouses and Condos Miami-Dade County
Closed Sales by Sale Price
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 .
350 300 250 200 150 100 50 0
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 .
200 180 160 140 120 100 80 60 40 20 0
Less than $ 50,000
Less than $ 50,000
August 2023 August 2024
$ 50,000 - $ 99,999
$ 50,000 - $ 99,999
$ 100,000 - $ 149,999
$ 100,000 - $ 149,999
$ 150,000 - $ 199,999
August 2023 August 2024
$ 150,000 - $ 199,999
$ 200,000 - $ 249,999
$ 200,000 - $ 249,999
$ 250,000 - $ 299,999
Median Time to Contract by Sale Price
The median number of days between the listing date and contract date for all Closed Sales during the month
$ 250,000 - $ 299,999
Sale Price Closed Sales
Percent Change Year-over-Year
Less than $ 50,000 3 -50.0 % $ 50,000 - $ 99,999 4 33.3 % $ 100,000 - $ 149,999 13 116.7 % $ 150,000 - $ 199,999 42 -12.5 % $ 200,000 - $ 249,999 100 19.0 % $ 250,000 - $ 299,999 109 -33.9 % $ 300,000 - $ 399,999 209 -17.1 % $ 400,000 - $ 599,999 301 -4.4 % $ 600,000 - $ 999,999 137 -29.7 % $ 1,000,000 or more 120 -23.1 %
$ 300,000 - $ 399,999
Sale Price
$ 50,000 - $ 99,999 173 Days 226.4 % $ 100,000 - $ 149,999
Median Time to Contract
Percent Change Year-over-Year
Less than $ 50,000 54 Days 22.7 %
119 Days 230.6 % $ 150,000 - $ 199,999 58 Days 241.2 % $ 200,000 - $ 249,999 53 Days 120.8 % $ 250,000 - $ 299,999
45 Days 95.7 % $ 300,000 - $ 399,999 50 Days 78.6 % $ 400,000 - $ 599,999 32 Days 14.3 % $ 600,000 - $ 999,999 55 Days 5.8 % $ 1,000,000 or more 68 Days -6.8 %
$ 300,000 - $ 399,999
$ 400,000 - $ 599,999
$ 400,000 - $ 599,999
$ 600,000 - $ 999,999
$ 600,000 - $ 999,999
$ 1,000,000 or more
$ 1,000,000 or more
350 300 250 200 150 100 50
0
200 180 160 140 120 100 80 60 40 20 0
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 .