Miami-Dade County Market Report Miami-Dade County Market Report | Page 2

Closed Sales
Monthly
Market Detail - April 2024 Single-Family Homes Miami-Dade County
Summary Statistics
April 2024
April 2023
Percent Change Year-over-Year
Closed Sales Paid in Cash
1,065 1,000 6.5 % 275 227 21.1 %
Median Sale Price $ 654,000
$ 600,000 9.0 %
Average Sale Price Dollar Volume
$ 1,126,646 $ 923,925 21.9 % $ 1.2 Billion $ 923.9 Million 29.9 %
Median Percent of Original List Price Received
96.7 % 96.6 % 0.1 %
Median Time to Contract 28 Days 30 Days -6.7 %
Median Time to Sale
70 Days
71 Days
-1.4 %
New Pending Sales New Listings
1,191 1,582
1,107 7.6 %
1,151 37.4 %
Pending Inventory 1,764 Inventory ( Active Listings ) 3,864 Months Supply of Inventory 4.4
1,796 -1.8 % 3,036 27.3 % 3.3 33.3 %

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
April 2024
3,514
1,065
3.0 % 6.5 %
March 2024
1,041
-4.8%
February 2024
764
5.1 %
January 2024
644
8.6 %
December 2023
754
1.3 %
November 2023
707
-1.5%
October 2023
871
-1.5%
September 2023
894
2.9 %
August 2023
948
-8.1%
July 2023
910
-8.9%
June 2023
1,004
-11.9%
May 2023
1,040
-12.8%
April 2023
1,000
-19.7%
2,000
2020 2021 2022 2023
1,500
1,000
500
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
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 Wednesday , May 22 , 2024 . Next data release is Friday , June 21 , 2024 .