Closed Sales Median Time to Contract
Monthly Market Detail- April 2025 Townhouses and Condos 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.
160 140 120 100 80 60 40 20 0
Less than $ 50,000
Less than $ 50,000
April 2024 April 2025
$ 50,000- $ 99,999
$ 50,000- $ 99,999
$ 100,000- $ 149,999
$ 100,000- $ 149,999
$ 150,000- $ 199,999
April 2024 April 2025
$ 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
$ 100,000- $ 149,999 24 60.0 % $ 150,000- $ 199,999 55 3.8 % $ 200,000- $ 249,999 85 2.4 % $ 250,000- $ 299,999 91-28.9 % $ 300,000- $ 399,999 167-31.3 % $ 400,000- $ 599,999 237-29.5 % $ 600,000- $ 999,999 161-19.9 % $ 1,000,000 or more 179-11.8 %
Sale Price
$ 150,000- $ 199,999 46 Days-29.2 % $ 200,000- $ 249,999 55 Days 10.0 % $ 250,000- $ 299,999
Median Time to Contract
Percent Change Year-over-Year
Less than $ 50,000 131 Days-12.7 % $ 50,000- $ 99,999 127 Days 188.6 % $ 100,000- $ 149,999
Closed Sales
Percent Change Year-over-Year
Less than $ 50,000 2-71.4 % $ 50,000- $ 99,999 4-50.0 %
$ 300,000- $ 399,999
37 Days 60.9 %
54 Days 42.1 % $ 300,000- $ 399,999 58 Days 75.8 % $ 400,000- $ 599,999 52 Days 23.8 % $ 600,000- $ 999,999 76 Days 58.3 % $ 1,000,000 or more 100 Days 16.3 %
$ 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
160 140 120 100 80 60 40 20 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, May 22, 2025. Next data release is Monday, June 22, 2025.