Learn about what’s happening in the residential Miami real estate market: how many listings entered the market, went under contract and sold, what’s happening to prices, how does this March compare to last year. Quick guide to the main stats.
Single-Family Home. The Average Sale Price was $532,795 in June 2019. It experienced a decline of -10.2% vs 2018. However, it is still the second highest value for the month of June within the past 5 years. The Median Price increased to $370,000. The number of Closed Sale decreased by -11.8% to 1,266 vs last June. The Closed Sale $ Volume decreased by -20.2% vs June 2018 to $678 million.
Condos & Townhomes. The Average Sale Price was $389,350 in June 2019. It experienced a decline of -10.2% vs 2018. However, it too was also the second highest value for the month of June within the past 5 years. The Median Sale Price increased to $250,000. The number of Closed Sale decreased by -12.6% to 1,221 vs last June. The Closed Sale $ Volume decreased by -20.0% vs June 2018 to $480 million.
