Miami Metro Area Real Estate Market.

The Miami Metro Area real estate market is serious. The median list price is $370,000 and the average home has been on the market for 289 days. In the past month, there have been 3,184 real estate transactions in Miami Metro Area, with a median sale price of $250,000. The recent sales activity in Miami Metro Area represents a +2.9% change over the prior month.
There are currently 46,443 Miami Metro Area homes for sale, which equals about 14.6 months of inventory. There are 18,315 detached homes for sale, 4,160 townhouses for sale, and 23,843 condos for sale. In the past 30 days, there have been 6,912 new listings in Miami Metro Area, 6,069 price changes, 4,787 new contracts, and 3,184 home sales. Visit the Miami Metro Area real estate news blog for more information.

Active Listings in Miami Metro Area
Median List Price
$370,000 +0.8%
Days on Market
289.0 +2.5%
Total Listings
46,443 +6.0%
New Listings
6,912 -31.7%
Price Reductions
6,069 -32.6%
Current
Month Ago
Year Ago
Median List Price
$370,000
$367,000
$320,000
% Change
--
+0.8%
+15.6%


Recent Sales in Miami Metro Area
Median Sales Price
$250,000 +2.9%
Days on Market
74.0 +0.0%
Total Sales
3,184 -39.4%
Contracts
4,787 -38.4%
Last 30 Days
Month Ago
Year Ago
Median Sales Price
$250,000
$243,000
$235,000
% Change
--
+2.9%
+6.4%