Closed Sales
Monthly
Market Detail - January 2024 Single-Family Homes Miami-Dade County
Summary Statistics |
January 2024 |
January 2023 |
Percent Change Year-over-Year |
Closed Sales Paid in Cash
644 593 8.6 % 198 170 16.5 %
Median Sale Price $ 630,000
$ 545,000 15.6 %
Average Sale Price Dollar Volume
$ 1,206,990 $ 993,063 21.5 % $ 777.3 Million $ 588.9 Million 32.0 %
Median Percent of Original List Price Received
95.7 % 94.6 % 1.2 %
Median Time to Contract 32 Days 39 Days -17.9 %
Median Time to Sale |
80 Days |
85 Days |
-5.9 % |
New Pending Sales New Listings
1,000 1,499
974 2.7 %
1,306 14.8 %
Pending Inventory 1,412 Inventory ( Active Listings ) 3,856 Months Supply of Inventory 4.4
1,397 1.1 % 3,964 -2.7 % 4.0 10.0 %
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
January 2024
|
644
644
|
8.6 % 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% |
March 2023 |
1,093 |
-22.5% |
February 2023 |
727 |
-27.8% |
January 2023 |
593 |
-41.2% |
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
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 , February 22 , 2024 . Next data release is Thursday , March 21 , 2024 .