Miami-Dade County Monthly Market Report - May March 2025 | Page 10

Median Time to Contract Median Time to Contract
Monthly Market Detail- February 2026 Single-Family Homes Miami-Dade County

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
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.
Sale Price
Median Time to Contract
Percent Change Year-over-Year
Less than $ 200,000 40 Days-46.7 % $ 200,000- $ 299,999 22 Days 175.0 % $ 300,000- $ 399,999 19 Days 18.8 % $ 400,000- $ 499,999 58 Days 41.5 % $ 500,000- $ 599,999 48 Days-2.0 % $ 600,000- $ 699,999 52 Days 26.8 % $ 700,000- $ 799,999 57 Days 7.5 % $ 800,000- $ 899,999 57 Days 5.6 % $ 900,000- $ 999,999 50 Days-42.5 % $ 1,000,000 or more 67 Days 28.8 %
100 90 80 70 60 50 40 30 20 10 0
Less than $ 200,000
February 2025 February 2026
$ 200,000- $ 299,999
$ 300,000- $ 399,999
$ 400,000- $ 499,999
$ 500,000- $ 599,999
$ 600,000- $ 699,999
$ 700,000- $ 799,999
$ 800,000- $ 899,999
$ 900,000- $ 999,999
$ 1,000,000 or more
100 90 80 70 60 50 40 30 20 10 0

Million Dollar Spotlight

Median Time to Contract by Sale Price for properties selling for $ 1,000,000 or more
200 180 160 140 120 100 80 60 40 20 0
$ 1,000,000- $ 1,249,999
February 2025 February 2026
$ 1,250,000- $ 1,499,999
$ 1,500,000- $ 1,999,999
$ 2,000,000- $ 2,999,999
Sale Price
Median Time to Contract
Percent Change Year-over-Year
$ 1,000,000- $ 1,249,999 44 Days 15.8 % $ 1,250,000- $ 1,499,999 71 Days 65.1 % $ 1,500,000- $ 1,999,999 67 Days-10.7 % $ 2,000,000- $ 2,999,999 67 Days 219.0 % $ 3,000,000- $ 4,999,999 129 Days 29.0 % $ 5,000,000- $ 9,999,999 88 Days 18.9 % $ 10,000,000 or more 175 Days 207.0 %
$ 3,000,000- $ 4,999,999
$ 5,000,000- $ 9,999,999
$ 10,000,000 or more
200 180 160 140 120 100 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 10th day of the following month. Data released on Monday, March 16, 2026. Next data release is Friday, April 17, 2026.