Quarterly Market Summary sales report of single family homes, townhouses and condominiums for Q3 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.
Q3 2018
Q3 2017
% change year-over-year
Closed Sales
3,268
2,874
13.7%
Paid in Cash
713
695
2.6%
Median Sale Price
$360,000
$331,750
8.5%
Average Sale Price
$543,639
$477,326
13.9%
Dollar Volume
$1.8 Billion
$1.4 Billion
29.5%
Med. Pct. of Orig. List Price Received
95.7%
95.5%
0.2%
Median Time to Contract
44 Days
42 Days
4.8%
Median Time to Sale
90 Days
94 Days
-4.3%
New Pending Sales
3,770
3,411
10.5%
New Listings
5,413
4,615
17.3%
Pending Inventory
2,385
2,619
-8.9%
Inventory (Active Listings)
6,652
6,060
9.8%
Months Supply of Inventory
6.2
5.6
10.7%
Townhouses and Condos | Miami-Dade County
Q3 2018
Q3 2017
% change year-over-year
Closed Sales
3,524
3,021
16.7%
Paid in Cash
1,742
1,659
5.0%
Median Sale Price
$235,000
$227,500
3.3%
Average Sale Price
$377,852
$357,504
5.7%
Dollar Volume
$1.3 Billion
$1.1 Billion
23.3%
Med. Pct. of Orig. List Price Received
94.1%
93.7%
0.4%
Median Time to Contract
74 Days
70 Days
5.7%
Median Time to Sale
116 Days
114 Days
1.8%
New Pending Sales
3,898
3,393
14.9%
New Listings
6,777
6,128
10.6%
Pending Inventory
2,163
2,113
2.4%
Inventory (Active Listings)
15,435
14,834
4.1%
Months Supply of Inventory
13.6
13.6
0.0%
Data source: MIAMI Association of REALTORS® with data provided by Florida's multiple listing services.