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 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.
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