Pending Sales New Listings
Monthly Market Detail - August 2024 Single-Family Homes Miami-Dade County
New Pending Sales
The number of listed properties that went under contract during the month
Economists ' note : Because of the typical length of time it takes for a sale to close , economists consider Pending Sales to be a decent indicator of potential future Closed Sales . It is important to bear in mind , however , that not all Pending Sales will be closed successfully . So , the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale .
Month |
New Pending Sales |
Percent Change
Year-over-Year
|
Year-to-Date |
8,668 |
-1.1% |
August 2024 |
971 |
-2.1% |
July 2024 |
1,030 |
-0.2% |
June 2024 |
1,036 |
-2.6% |
May 2024 |
1,119 |
2.4 % |
April 2024 |
1,191 |
7.6 % |
March 2024 |
1,188 |
-8.0% |
February 2024 |
1,133 |
-6.6% |
January 2024 |
1,000 |
2.7 % |
December 2023 |
701 |
-1.0% |
November 2023 |
736 |
-1.1% |
October 2023 |
907 |
13.4 % |
September 2023 |
875 |
-8.8% |
August 2023 |
992 |
-10.0% |
2,500
2020 2021 2022 2023 2024
2,000 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 M J J A
New Listings
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 .
Month |
New Listings |
Percent Change
Year-over-Year
|
Year-to-Date |
11,877 |
15.6 % |
August 2024 |
1,477 |
1.9 % |
July 2024 |
1,468 |
17.0 % |
June 2024 |
1,376 |
10.9 % |
May 2024 |
1,536 |
15.0 % |
April 2024 |
1,582 |
37.4 % |
March 2024 |
1,447 |
9.2 % |
February 2024 |
1,492 |
23.7 % |
January 2024 |
1,499 |
14.8 % |
December 2023 |
984 |
7.7 % |
November 2023 |
1,248 |
1.0 % |
October 2023 |
1,440 |
6.8 % |
September 2023 |
1,367 |
1.2 % |
August 2023 |
1,450 |
-7.8% |
2,500
2020 2021 2022 2023 2024
2,000
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 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 .