Miami residential Market Update for May 2020

Miami Single Family Homes May 2020 May 2019 % Change Year-over-Year Closed Sales 734 1,355 -45.8% % Paid in Cash 16.2% 23.2% -30.0% Median Sale Price $375,714 $360,000 4.4% Dollar Volume $400,286,900 $715,961,675 -44.1% % of Original List Price Received 96 95 1% Median Time to Contract 44 59 -25.4% Median Time to Sales 90 107 -15.9% Active Inventory 5,665 6,759 -16.2% Months Supply of Inventory 5.4 6.3 -14.3% Miami Townhomes & Condos May 2020 May 2019 % Change Year-over-Year Closed Sales 563 1,441 -60.9% % Paid in Cash 38.5% 48.4% -25.5% Median Sale Price $260,000 $243,000 7.0% Dollar Volume $231,705,465 $585,172,808 -60.4% % of Original List Price Received 93 93 0% Median Time to Contract 60 78 -23.1% Median Time to Sales 109 118 -7.6% Active Inventory 14,705 15,893 -7.5% Months Supply of Inventory 13.8 14 0.7%

Guillermo "Bill" Sanjurjo Realtor® 

https://guillermo.realtor

 12955 SW 42 St Suite 2, Miami, FL 33175

 Cell: 786-232-1400