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June 2021 Miami Market Report

July 28, 2021

 

The Miami real estate market is HOT!

Single-Family Homes June 2021

The average price sold for single-family homes was up significantly year-over-year to $936K. Months of inventory significantly declined to 1.8 months.

June 2021 vs Year-Over Year
Avg Sold Price:           $936K up +57%
# Sold:                            1,465 up +27%
Months of Inventory:   1.8 down -58%

Condos & Townhomes June 2021

The condo & townhouse market is also strong. Due to the high prices of single-family homes, more buyers are opting to buy condos & townhomes. Average Price Sold is up in June 2021 vs year-over-year. Months of inventory was at an all time low.

June 2021 vs Year-Over Year
Avg Sold Price:         $626K up +55%
# Sold:                           2,421 up +178%
Months of Inventory:   3.4 down -80%

The market is strong. However, there are signs that prices have begun to stabilize.

Looking to move? Call us first. We are the real estate specialist.

Connect with us:
Website: https://www.property305.com​​
Instagram: https://www.instagram.com/rebecacastellongroup/
Facebook: https://www.facebook.com/rebecacastellongroup

Rebeca Castellon Group
305-600-8493
Rebeca@Property305.com

 

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