The Miami-Dade median sales price of single Family Homes increased in March. The median price increased by 3%, driving much of the year-over-year gain of roughly 5%. The median price per square foot remained 10% higher than one year ago. The number of sales, however, decreased by 26%. In Miami Beach the median sales price of single family homes increased by 17% and the market still slightly favors the Seller.
In Miami Dade, condominiums units still sell faster than in 2022. The average days on market for a condo unit was approximately 20% lower than last year. The median sales price of condominiums increased by 3% in Miami Dade but decreased in Miami Beach by 3%. The overall condo market in Miami Beach still slightly favors the seller.
Read the full TRENDS report to see the Real Estate Trends for East Florida in different counties.
