Single Family Homes | Miami-Dade County

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 2018Q3 2017% change year-over-year
Closed Sales3,2682,87413.7%
Paid in Cash7136952.6%
Median Sale Price$360,000$331,7508.5%
Average Sale Price$543,639$477,32613.9%
Dollar Volume$1.8 Billion$1.4 Billion29.5%
Med. Pct. of Orig. List Price Received 95.7%95.5%0.2%
Median Time to Contract44 Days42 Days4.8%
Median Time to Sale90 Days94 Days-4.3%
New Pending Sales 3,7703,41110.5%
 New Listings5,4134,61517.3%
 Pending Inventory 2,3852,619-8.9%
Inventory (Active Listings) 6,6526,0609.8%
Months Supply of Inventory6.25.610.7%

 Townhouses and Condos | Miami-Dade County

 Q3 2018Q3 2017% change year-over-year
Closed Sales3,5243,02116.7%
Paid in Cash1,7421,6595.0%
Median Sale Price$235,000$227,5003.3%
Average Sale Price$377,852$357,5045.7%
Dollar Volume$1.3 Billion$1.1 Billion23.3%
Med. Pct. of Orig. List Price Received 94.1%93.7%0.4%
Median Time to Contract74 Days70 Days5.7%
Median Time to Sale116 Days114 Days1.8%
New Pending Sales 3,8983,39314.9%
 New Listings6,7776,12810.6%
 Pending Inventory 2,1632,1132.4%
Inventory (Active Listings) 15,43514,8344.1%
Months Supply of Inventory13.613.60.0%
Data source: MIAMI Association of REALTORS® with data provided by Florida's multiple listing services.


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