Miami-Dade County Monthly Market Report - March March 2025 | Page 12

Monthly Market Detail- March 2025 Townhouses and Condos Miami-Dade County

Closed Sales Paid in Cash

1,041 1,100-5.4 % 544 544 0.0 %

Median Sale Price $ 437,450

$ 445,000-1.7 %

Average Sale Price Dollar Volume

$ 842,384 $ 783,764 7.5 % $ 876.9 Million $ 862.1 Million 1.7 %

Median Percent of Original List Price Received

93.8 % 95.5 %-1.8 %

Median Time to Contract 58 Days 43 Days 34.9 %

New Pending Sales New Listings

1,095 2,537

1,391-21.3 %

2,257 12.4 %

Pending Inventory 1,647 Inventory( Active Listings) 13,037 Months Supply of Inventory 13.2

2,068-20.4 % 9,088 43.5 % 8.2 61.0 %

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.

Closed Sales

3,000 2,500 2,000 1,500 1,000

500 0

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

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, April 24, 2025. Next data release is Thursday, May 22, 2025.