Miami-Dade County Monthly Market Report - May March 2025 | Page 22

Median Time to Contract Median Time to Contract
Monthly Market Detail- July 2026 Townhouses and Condos 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 $ 200,000 109 Days 31.3 % $ 200,000- $ 299,999 67 Days 24.1 % $ 300,000- $ 399,999 73 Days 28.1 % $ 400,000- $ 499,999 68 Days 3.0 % $ 500,000- $ 599,999 99 Days 70.7 % $ 600,000- $ 699,999 104 Days 14.3 % $ 700,000- $ 799,999 139 Days 46.3 % $ 800,000- $ 899,999 66 Days 24.5 % $ 900,000- $ 999,999 139 Days 85.3 % $ 1,000,000 or more 112 Days 57.7 %
160
July 2025 July 2026
160
140
140
120
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
250 200 150
100 50
July 2025 July 2026
Sale Price
Median Time to Contract
Percent Change Year-over-Year
$ 1,000,000- $ 1,249,999 130 Days 97.0 % $ 1,250,000- $ 1,499,999 121 Days 101.7 % $ 1,500,000- $ 1,999,999 86 Days-11.3 % $ 2,000,000- $ 2,999,999 143 Days 180.4 % $ 3,000,000- $ 4,999,999 119 Days 67.6 % $ 5,000,000- $ 9,999,999 122 Days-45.3 % $ 10,000,000 or more 116 Days-5.7 %
250 200 150 100 50
0
$ 1,000,000- $ 1,249,999
$ 1,250,000- $ 1,499,999
$ 1,500,000- $ 1,999,999
$ 2,000,000- $ 2,999,999
$ 3,000,000- $ 4,999,999
$ 5,000,000- $ 9,999,999
$ 10,000,000 or more
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.