Miami and Fort Lauderdale Real Estate Inventory Report | July 2016

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Miami & Fort Lauderdale Real Estate Inventory Report | July 2016

In the last 30 days, the Top 10 CONDOS Sold totaled $81.463M (last month $49.586M) with a median selling price per square foot of $1,677 (last month $1,400). It took an average of 165 days to sell, with a median sale price of $7.750M.

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

Today we’re in a definitive buyer’s market between Miami & Fort Lauderdale. There were 2,422 & 195 condos for sale over $1M with 62 & 10 sold in the last 30 days showing us an approximate 39 and 19.5 month supply, respectively.

In the last 30 days, the Top 10 HOMES that Sold totaled $65.249M (last month $63.970M) with a median selling price per square foot of $905 (last month $897). It took an average of 195 days to sell, and the median sale price was $4.475M.

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

Again, we’re in a buyer’s market over $1M with an approximate 21 month and 16 month supply of Miami & Fort Lauderdale homes, respectively.

 JULY 2016 - MIAMI INVENTORY TGChartImage
Home For Sale in June 2016: 2960 units.
Down 1.1% compared to the last month
Up 53.1% compared to the last yearHome Closed in June 2016: 107 units.
Up 9.2% compared to the last month
Down 26.7% compared to the last yearHome Placed under Contract in June 2016: 75 units.
Down 33% compared to the last month
Down 40.5% compared to the last year
JULY 2016 - MIAMI PPSF TGChartImage
Average Sold Price per Square Footage in June 2016: $747
Down 7.9% compared to the last month
Down 5.3% compared to the last year
JULY 2016 - MIAMI SUPPLY TGChartImage
Months of Inventory based on Closed Sales in June 2016: 27.7
Down 9.2% compared to the last month
Up 109.5% compared to the last year
{All figures derived from South Florida MLS Listing Database & TrendGraphix}

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