MONTHLY MARKET SUMMARY | December 2018 | Miami, FL
Single Family Homes | Miami-Dade County
Monthly Market Summary sales report of single family homes, townhouses, and condominiums for December, 2018 Miami-Dade County, Florida. Miami-Dade County is a county in the southeastern part of the U.S. state of Florida. It is the southeasternmost county on the U.S. mainland. Miami-Dade County has nineteen cities, six towns, and nine villages. Miami-Dade County is one of the three counties in South Florida that make up the Miami metropolitan area, which was home to an estimated 6,158,824 people in 2017.
December 2018
December 2017
% change year-over-year
Closed Sales
1,011
1,065
-5.1%
Paid in Cash
209
261
-19.9%
Median Sale Price
$355,000
$332,850
6.7%
Average Sale Price
$533,757
$505,896
5.5%
Dollar Volume
$539,6 million
$538,8 million
0.2%
Med. Pct. of Orig. List Price Received
94.8%
95.6%
-0.8%
Median Time to Contract
56 days
43 days
30.2%
Median Time to Sale
98 Days
97 Days
1.0%
New Pending Sales
914
1,031
-11.3%
New Listings
1,220
1,271
-4.0%
Pending Inventory
1,940
2,352
-17.55
Inventory (Active Listings)
6,872
5,969
15,1%
Months Supply of Inventory
6.4
5.6
14.3%
Townhouses and Condos | Miami-Dade County
December 2018
December 2017
% change year-over-year
Closed Sales
1,070
1,154
-7.3%
Paid in Cash
515
612
-15,8%
Median Sale Price
$235,00
$235,00
0.0%
Average Sale Price
$363,759
$385,338
-5.6%
Dollar Volume
$389.2 million
$444.7 million
-12.5%
Med. Pct. of Orig. List Price Received
93.1%
93.5%
-0.4%
Median Time to Contract
76 days
87 days
-12.6%
Median Time to Sale
115 days
127 days
-9.4%
New Pending Sales
901
1,070
-15.8%
New Listings
1,778
1,782
-0.2%
Pending Inventory
1,774
2,036
-12.9%
Inventory (Active Listings)
15,852
14,984
5.8%
Months Supply of Inventory
13.7
13.7
0.0%
Data source: MIAMI Association of REALTORS® with data provided by Florida's multiple listing services.