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 2018December 2017% change year-over-year
Closed Sales1,0111,065-5.1%
Paid in Cash209261-19.9%
Median Sale Price$355,000$332,8506.7%
Average Sale Price$533,757$505,8965.5%
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 days43 days30.2% 
Median Time to Sale98 Days97 Days1.0%
New Pending Sales  9141,031 -11.3%
 New Listings 1,2201,271-4.0%
 Pending Inventory  1,9402,352-17.55 
Inventory (Active Listings)  6,8725,969 15,1% 
Months Supply of Inventory6.45.614.3%

 Townhouses and Condos | Miami-Dade County

 December 2018December 2017% change year-over-year
Closed Sales1,070 1,154-7.3%
Paid in Cash515612-15,8%
Median Sale Price$235,00$235,000.0%
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 Contract76 days87 days-12.6%
Median Time to Sale115 days127 days-9.4%
New Pending Sales 9011,070-15.8%
 New Listings1,7781,782-0.2%
 Pending Inventory 1,7742,036-12.9%
Inventory (Active Listings) 15,85214,9845.8%
Months Supply of Inventory13.713.70.0%
Data source: MIAMI Association of REALTORS® with data provided by Florida's multiple listing services.


comments powered by Disqus

Similar posts:

Closing costs that every buyer should know about when buying a pre-construction in Miami, FL

Miami-Dade County | Local Residential Market Metrics | Q4 2018 | Townhouses and Condos

Miami-Dade County | Local Residential Market Metrics | Q4 2018 | Single Family Homes