Closed Sales Median Time to Contract
Monthly Market Detail - August 2024 Single-Family Homes Miami-Dade County
Closed Sales by Sale Price
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 .
400 350 300 250 200 150 100 50 0
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 .
60 50 40 30 20 10 0
Less than $ 50,000
Less than $ 50,000
August 2023 August 2024
$ 50,000 - $ 99,999
$ 50,000 - $ 99,999
$ 100,000 - $ 149,999
$ 100,000 - $ 149,999
$ 150,000 - $ 199,999
August 2023 August 2024
$ 150,000 - $ 199,999
$ 200,000 - $ 249,999
$ 200,000 - $ 249,999
$ 250,000 - $ 299,999
Median Time to Contract by Sale Price
The median number of days between the listing date and contract date for all Closed Sales during the month
$ 250,000 - $ 299,999
Sale Price Closed Sales
Percent Change Year-over-Year
Less than $ 50,000 1 -50.0 % $ 50,000 - $ 99,999 1 N / A $ 100,000 - $ 149,999 0 N / A $ 150,000 - $ 199,999 0 -100.0 % $ 200,000 - $ 249,999 1 -83.3 % $ 250,000 - $ 299,999 7 -61.1 % $ 300,000 - $ 399,999 38 -44.1 % $ 400,000 - $ 599,999 351 3.8 % $ 600,000 - $ 999,999 354 8.6 % $ 1,000,000 or more 211 11.6 %
$ 300,000 - $ 399,999
Sale Price
$ 50,000 - $ 99,999 9 Days N / A $ 100,000 - $ 149,999
Median Time to Contract
Percent Change Year-over-Year
Less than $ 50,000 51 Days 2.0 %
( No Sales ) N / A $ 150,000 - $ 199,999 ( No Sales ) N / A $ 200,000 - $ 249,999 3 Days -90.9 % $ 250,000 - $ 299,999
16 Days -30.4 % $ 300,000 - $ 399,999 23 Days 43.8 % $ 400,000 - $ 599,999 23 Days 53.3 % $ 600,000 - $ 999,999 26 Days -3.7 % $ 1,000,000 or more 42 Days -6.7 %
$ 300,000 - $ 399,999
$ 400,000 - $ 599,999
$ 400,000 - $ 599,999
$ 600,000 - $ 999,999
$ 600,000 - $ 999,999
$ 1,000,000 or more
$ 1,000,000 or more
400 350 300 250 200 150 100 50 0
60 50
40 30 20 10 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 .