MIAMI METRO AREA REAL ESTATE REPORT

The Miami Metro Area real estate market is serious. The median list price is $370,000 and the average home has been on the market for 289 days. In the past month, there have been 3,184 real estate transactions in Miami Metro Area, with a median sale price of $250,000. The recent sales activity in Miami Metro Area represents a +2.9% change over the prior month.

There are currently 46,443 Miami Metro Area homes for sale, which equals about 14.6 months of inventory. There are 18,315 detached homes for sale, 4,160 townhouses for sale, and 23,843 condos for sale. In the past 30 days, there have been 6,912 new listings in Miami Metro Area, 6,069 price changes, 4,787 new contracts, and 3,184 home sales. Visit the Miami Metro Area real estate news blog for more information.

MIAMI METRO AREA REAL ESTATE STATISTICS

The real estate market statistics in Miami Metro Area vary dramatically, depending on property type. Select the property type that you would like to analyze:

All Homes Detached Homes Only Townhouses Only Condos Only

Active Listings in Miami Metro Area

Median List Price$370,000 +0.8%	Days on Market289.0 +2.5%	Total Listings46,443 +6.0%	New Listings6,912 -31.7%	Price Reductions6,069 -32.6%
Current Month Ago Year Ago Median List Price $370,000 $367,000 $320,000 % Change -- +0.8% +15.6%

Recent Sales in Miami Metro Area

Median Sales Price$250,000 +2.9%	Days on Market74.0 +0.0%	Total Sales3,184 -39.4%	Contracts4,787 -38.4%
Last 30 Days Month Ago Year Ago Median Sales Price $250,000 $243,000 $235,000 % Change -- +2.9% +6.4%