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

Closed Sales
Monthly Market Detail- April 2025 Townhouses and Condos Miami-Dade County
Summary Statistics
April 2025
April 2024
Percent Change Year-over-Year
Closed Sales Paid in Cash
1,005 1,277-21.3 % 522 669-22.0 %
Median Sale Price $ 445,000
$ 444,000 0.2 %
Average Sale Price Dollar Volume
$ 847,235 $ 800,916 5.8 % $ 851.5 Million $ 1.0 Billion-16.7 %
Median Percent of Original List Price Received
93.3 % 95.2 %-2.0 %
Median Time to Contract 61 Days 46 Days 32.6 %
Median Time to Sale
100 Days
85 Days
17.6 %
New Pending Sales New Listings
1,060 2,338
1,418-25.2 %
2,235 4.6 %
Pending Inventory 1,565 Inventory( Active Listings) 13,238 Months Supply of Inventory 13.7
2,046-23.5 % 9,230 43.4 % 8.3 65.1 %

Closed Sales

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.
Month
Closed Sales
Percent Change
Year-over-Year
Year-to-Date
April 2025
3,516
1,005
-14.0%-21.3%
March 2025
1,041
-5.4%
February 2025
737
-21.7%
January 2025
733
-4.8%
December 2024
935
-2.6%
November 2024
794
-15.9%
October 2024
939
-14.6%
September 2024
883
-19.0%
August 2024
1,038
-15.6%
July 2024
1,114
-2.4%
June 2024
1,085
-20.2%
May 2024
1,295
-5.6%
April 2024
1,277
4.5 %
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 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, May 22, 2025. Next data release is Monday, June 22, 2025.