Monthly Market Detail- May 2025 Townhouses and Condos Miami-Dade County
New Pending Sales
The number of listed properties that went under contract during the month
Economists ' note: Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale.
Month |
New Pending Sales |
Percent Change
Year-over-Year
|
Year-to-Date |
5,229 |
-20.5% |
May 2025 |
1,046 |
-18.7% |
April 2025 |
1,060 |
-25.2% |
March 2025 |
1,095 |
-21.3% |
February 2025 |
1,109 |
-18.8% |
January 2025 |
919 |
-17.9% |
December 2024 |
517 |
-41.9% |
November 2024 |
861 |
-14.4% |
October 2024 |
927 |
-13.7% |
September 2024 |
976 |
-15.3% |
August 2024 |
1,069 |
-19.1% |
July 2024 |
1,099 |
-11.4% |
June 2024 |
1,128 |
-19.9% |
May 2024 |
1,287 |
-13.2% |
Pending Sales
3,500 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 M
New Listings
The number of properties put onto the market during the month
Economists ' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value— and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
Month |
New Listings |
Percent Change
Year-over-Year
|
Year-to-Date |
12,080 |
5.2 % |
May 2025 |
2,109 |
-3.4% |
April 2025 |
2,338 |
4.6 % |
March 2025 |
2,537 |
12.4 % |
February 2025 |
2,487 |
4.8 % |
January 2025 |
2,609 |
6.9 % |
December 2024 |
1,825 |
18.4 % |
November 2024 |
1,982 |
2.1 % |
October 2024 |
2,166 |
4.5 % |
September 2024 |
2,190 |
13.6 % |
August 2024 |
2,191 |
9.4 % |
July 2024 |
2,054 |
19.0 % |
June 2024 |
2,057 |
16.0 % |
May 2024 |
2,184 |
13.5 % |
New Listings
3,500 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 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 Monday, June 22, 2025. Next data release is Wednesday, July 23, 2025.