Closed Sales Median Time to Contract
Monthly Market Detail- July 2025 Single-Family Homes 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.
250 200 150 100 50
Less than $ 50,000
July 2024 July 2025
$ 50,000- $ 99,999
$ 100,000- $ 149,999
$ 150,000- $ 199,999
July 2024 July 2025
$ 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
Sale Price Closed Sales
Percent Change Year-over-Year
Less than $ 50,000 1-50.0 % $ 50,000- $ 99,999 1 N / A $ 100,000- $ 149,999 0-100.0 % $ 150,000- $ 199,999 1 N / A $ 200,000- $ 249,999 2-33.3 % $ 250,000- $ 299,999 5-28.6 % $ 300,000- $ 399,999 39-13.3 % $ 400,000- $ 599,999 269-16.7 % $ 600,000- $ 999,999 341-8.1 % $ 1,000,000 or more 202-21.1 %
$ 300,000- $ 399,999
Sale Price
$ 400,000- $ 599,999
$ 50,000- $ 99,999 100 Days N / A $ 100,000- $ 149,999
Median Time to Contract
Percent Change Year-over-Year
Less than $ 50,000 180 Days-8.6 %
( No Sales) N / A $ 150,000- $ 199,999 96 Days N / A $ 200,000- $ 249,999 43 Days 975.0 % $ 250,000- $ 299,999
$ 600,000- $ 999,999
$ 1,000,000 or more
400 350 300 250 200 150 100 50 0
26 Days 160.0 % $ 300,000- $ 399,999 43 Days 207.1 % $ 400,000- $ 599,999 38 Days 65.2 % $ 600,000- $ 999,999 39 Days 21.9 % $ 1,000,000 or more 57 Days 42.5 %
250 200 150 100 50
Less than $ 50,000
$ 50,000- $ 99,999
$ 100,000- $ 149,999
$ 150,000- $ 199,999
$ 200,000- $ 249,999
$ 250,000- $ 299,999
$ 300,000- $ 399,999
$ 400,000- $ 599,999
$ 600,000- $ 999,999
$ 1,000,000 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 15th day of the following month. Data released on Thursday, August 21, 2025. Next data release is Tuesday, September 23, 2025.