Miami Market Report March 2021

There is an incredible demand for Miami real estate, and it keeps reaching new highs.  

Single-Family Homes March 2021 The average price sold for single-family homes went up year-over-year by +83% to $1.05 million. Months of inventory was at an all time low and number of pended (under contract) homes was at an all time high. The single-family home market is on fire and we are seeing a lot of activity in the homes above $5 million. Condos & Townhomes March 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. March 2021 was the highest average sold price and pended (under contract) units has increased by 245% year-over-year. Months of inventory was at lowest level within the same time period.

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Rebeca Castellon Group
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Rebeca@Property305.com