Miami and Fort Lauderdale Real Estate Inventory Report | May 2016

Fort Lauderdale Beach

Miami & Fort Lauderdale Real Estate Inventory Report | May 2016

Buying Luxury Real Estate in Southeast Florida?

In the last 30 days, the Top 10 Condos Sold totaled $52.555M with an average selling price per square foot of $1,228. It took an average of 298 days to sell, and the median sale price jumped to $4.075M from last month’s $3.950M. Even still, we’re in a definitive buyer’s market today between Miami & Fort Lauderdale condos for sale with an approximate 24 and 12-month supply, respectively.

Total CONDOS for Sale | Median List Price Per Square Foot | Median Asking Price

MAY 2016 CONDOS Inventory

In the last 30 days, the Top 10 Homes that Sold totaled $62.709M with an average selling price per square foot of $873. It took an average of 369 days to sell, and the median sale price was $4.072M down from last month’s $6.225M. We’re in a buyer’s market today between Miami & Fort Lauderdale homes for sale with an approximate 13.5 month and 13.9 month supply, respectively.

Total HOMES for Sale | Median List Price Per Square Foot | Median Asking Price

MAY 2016 HOMES MIA Active vs. Sold
{All figures derived from South Florida MLS Listing Database & TrendGraphix}

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