New Listings Inventory
Monthly Market Detail - August 2024 Townhouses and Condos Miami-Dade County
New Listings by Initial Listing Price
The number of properties put onto the market during the month
Economists ' note : New Listings tend to rise in delayed response to increasing prices , so they are often seen as a lagging indicator of market health . As prices rise , potential sellers raise their estimations of value — and in the most recent cycle , rising prices have freed up many potential sellers who were previously underwater on their mortgages . Note that in our calculations , we take care to not include properties that were recently taken off the market and quickly relisted , since these are not really new listings .
600 500 400 300 200 100
0
Economists ' note : There are a number of ways to define and calculate Inventory . Our method is to simply count the number of active listings on the last day of the month , and hold this number to compare with the same month the following year . Inventory rises when New Listings are outpacing the number of listings that go off-market ( regardless of whether they actually sell ). Likewise , it falls when New Listings aren ' t keeping up with the rate at which homes are going off-market .
2,500 2,000 1,500 1,000
500
Less than $ 50,000
August 2023 August 2024
$ 50,000 - $ 99,999
$ 100,000 - $ 149,999
$ 150,000 - $ 199,999
August 2023 August 2024
$ 200,000 - $ 249,999
Inventory by Current Listing Price
The number of property listings active at the end of the month
$ 250,000 - $ 299,999
Initial Listing Price New Listings
Percent Change Year-over-Year
Less than $ 50,000 10 150.0 % $ 50,000 - $ 99,999 3 50.0 % $ 100,000 - $ 149,999 25 25.0 % $ 150,000 - $ 199,999 79 14.5 % $ 200,000 - $ 249,999 150 29.3 % $ 250,000 - $ 299,999 269 11.2 % $ 300,000 - $ 399,999 408 6.0 % $ 400,000 - $ 599,999 561 6.7 % $ 600,000 - $ 999,999 308 0.3 % $ 1,000,000 or more 378 14.2 %
$ 300,000 - $ 399,999
$ 400,000 - $ 599,999
Current Listing Price
$ 600,000 - $ 999,999
Inventory
$ 1,000,000 or more
600 500 400 300 200 100
Percent Change Year-over-Year
Less than $ 50,000 0 -100.0 % $ 50,000 - $ 99,999 27 80.0 % $ 100,000 - $ 149,999 126 61.5 % $ 150,000 - $ 199,999 377 77.8 % $ 200,000 - $ 249,999 635 130.9 % $ 250,000 - $ 299,999 982 104.2 % $ 300,000 - $ 399,999 1,612 79.9 % $ 400,000 - $ 599,999 2,254 59.6 % $ 600,000 - $ 999,999 1,788 50.1 % $ 1,000,000 or more 2,293 24.5 %
0
2,500 2,000 1,500 1,000 500
$ 50,000 - $ 99,999
$ 100,000 - $ 149,999
$ 150,000 - $ 199,999
$ 200,000 - $ 249,999
$ 250,000 - $ 299,999
$ 300,000 - $ 399,999
$ 400,000 - $ 599,999
$ 600,000 - $ 999,999
$ 1,000,000 or more
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 .