May 2021 Miami Market ReportJuly 6, 2021
The Miami real estate market is HOT!
Single-Family Homes May 2021
The average price sold for single-family homes was up significantly year-over-year to $1.06 million. Months of inventory significantly declined to 2.0 months.
Condos & Townhomes May 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 May 2021 vs year-over-year. Months of inventory was at an all time low.
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Rebeca Castellon Group