Miami residential Market Update for May 2020


Market Focus - The Premier resource for currect real estate information, statistics and market conversations with buyers and sellers
Miami Single Family HomesMay 2020May 2019% Change Year-over-Year
Closed Sales7341,355-45.8%
% Paid in Cash16.2%23.2%-30.0%
Median Sale Price$375,714$360,0004.4%
Dollar Volume$400,286,900$715,961,675-44.1%
% of Original List Price Received96951%
Median Time to Contract4459-25.4%
Median Time to Sales90107-15.9%
Active Inventory5,6656,759-16.2%
Months Supply of Inventory5.46.3-14.3%
Miami Townhomes & CondosMay 2020May 2019% Change Year-over-Year
Closed Sales5631,441-60.9%
% Paid in Cash38.5%48.4%-25.5%
Median Sale Price$260,000$243,0007.0%
Dollar Volume$231,705,465$585,172,808-60.4%
% of Original List Price Received93930%
Median Time to Contract6078-23.1%
Median Time to Sales109118-7.6%
Active Inventory14,70515,893-7.5%
Months Supply of Inventory13.8140.7%
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Guillermo "Bill" Sanjurjo Realtor® 
https://guillermo.realtor
 12955 SW 42 St Suite 2, Miami, FL 33175
 Cell: 786-232-1400

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