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Miami Market Report: February 2022

March 31, 2022

SINGLE-FAMILY HOMES

The average sold price for single-family homes in Miami-Dade in February 2022 was $964K , up +5% year-over-year.  There are fewer single-family homes entering the market.  Hence, there are fewer number of closed sales.

Single-Family Homes: Feb 2022 vs year-over-year

Listed: 1,509 down -13%
Pended: 1,492 down -9%
Sold: 951 down -19%
Months of Inv: 2.1 down 16%
Avg Sold Price: $964K up +5%

CONDOS & TOWNHOMES

More buyers are considering condos & townhomes due to low inventory of single-family homes and high prices.

Condos & Townhomes: Feb 2022 vs year-over-year

Listed: 2,557 down -11%
Pended: 2,740 up + 13%
Sold: 1,721 up +13%
Months of Inv: 2.9 down -63%
Avg Sold Price: $735K up +21%

FULL Miami Marker Report Feb 2022

If you’re thinking of selling and are curious about the value of your home in today’s evolving real estate market, contact Rebeca Castellon Group today. We would be happy to provide you with a no pressure home valuation and help you reach your real estate goals!

Connect with us:
Rebeca Castellon Group
305-600-8493
Rebeca@Property305.com

Instagram: Rebeca Castellon Group
LinkedIn: Rebeca Castellon
Facebook: Rebeca Castellon Group

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