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

Median Time to Contract Median Time to Contract
Monthly Market Detail- July 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( No Sales) N / A $ 200,000- $ 299,999 11 Days-57.7 % $ 300,000- $ 399,999 59 Days 37.2 % $ 400,000- $ 499,999 45 Days 28.6 % $ 500,000- $ 599,999 37 Days-14.0 % $ 600,000- $ 699,999 38 Days 8.6 % $ 700,000- $ 799,999 37 Days-11.9 % $ 800,000- $ 899,999 38 Days-17.4 % $ 900,000- $ 999,999 38 Days 2.7 % $ 1,000,000 or more 69 Days 21.1 %
120
July 2025 July 2026
120
100
100
80
80
60
60
40
40
20
20
0
Less than $ 200,000
$ 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
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
July 2025 July 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 58 Days-4.9 % $ 1,250,000- $ 1,499,999 53 Days 17.8 % $ 1,500,000- $ 1,999,999 55 Days-17.9 % $ 2,000,000- $ 2,999,999 57 Days 16.3 % $ 3,000,000- $ 4,999,999 62 Days-42.1 % $ 5,000,000- $ 9,999,999 117 Days 34.5 % $ 10,000,000 or more 176 Days 141.1 %
$ 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, August 17, 2026. Next data release is Wednesday, September 16, 2026.