Median Time to Contract
Median Time to Sale
Monthly Market Detail - August 2024 Single-Family Homes 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 |
34 Days |
-2.9% |
August 2024 |
27 Days |
17.4 % |
July 2024 |
29 Days |
20.8 % |
June 2024 |
28 Days |
3.7 % |
May 2024 |
33 Days |
22.2 % |
April 2024 |
28 Days |
-6.7% |
March 2024 |
31 Days |
-11.4% |
February 2024 |
35 Days |
-23.9% |
January 2024 |
32 Days |
-17.9% |
December 2023 |
28 Days |
-20.0% |
November 2023 |
23 Days |
-25.8% |
October 2023 |
26 Days |
-13.3% |
September 2023 |
21 Days |
-12.5% |
August 2023 |
23 Days |
9.5 % |
70 60 50 40 30 20 10 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
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 |
77 Days |
-1.3% |
August 2024 |
70 Days |
9.4 % |
July 2024 |
72 Days |
5.9 % |
June 2024 |
69 Days |
-2.8% |
May 2024 |
76 Days |
7.0 % |
April 2024 |
70 Days |
-1.4% |
March 2024 |
70 Days |
-4.1% |
February 2024 |
77 Days |
-9.4% |
January 2024 |
80 Days |
-5.9% |
December 2023 |
69 Days |
-10.4% |
November 2023 |
64 Days |
-13.5% |
October 2023 |
67 Days |
-10.7% |
September 2023 |
64 Days |
-5.9% |
August 2023 |
64 Days |
4.9 % |
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 .