Monthly market report key numbers give an insight into what's happening in the Miami Real Estate Market. We're here to help you you can take advantage of the ups and downs to get the best deal on what you are looking for.
You are viewing the report for Townhouses and Condos. There is a separate report for Single Family Homes.
The Key Numbers:
| March 2025 | March 2024 | % Up/Down | |
|---|---|---|---|
| Condo Sales | 1,041 | 1,100 | 5.4% |
| Median Price | $ 437,500 | $ 445,000 | 1.7% |
| Listings | 13,037 | 9,088 | 43.5% |
| Months Supply | 13.2 | 8.2 | 61.0% |
What does it all mean?
March 2025 Monthly Sales Report for Condominiums I Miami Dade County
KEY DATA:
Number of Condo Sales DOWN 5.4%
Median Condo Price Dwon -1.2%
Condo Inventory for Sale: UP - 4.35%
Days on Market: Condos - 58 days
Months of Supply: Condos - 13.2 months
March 2025 sales are down for CONDOS ... 5.4% compared to March 2024.
There is 13.2 month supply of condo inventory. This means that if no new listings came on the market then it would take that many months to completely sell out the current inventory. A balanced real estate market is considered to be six to nine (6-9) months of inventory. We are now in a Buyers' market.
The REAL DEAL
Miami-Dade County
Total condo sales in Miami-Dade County dropped 5.4 percent, year-over-year.
The median sale price of condominiums prices shrank 1.7 percent to $437,500.
Condos closed $876.9 million in sales, rising 1.7 percent, year-over-year.
If you are thinking about selling real estate in the Miami Coastal Market, or know someone who is, please contact us for a free property price analysis.
If you are interested in buying a residence, vacation home or rental property (residential or commercial), or know someone who is, please contact us to get comprehensive information of properties that are available and that meet your requirements.
If you want to lease a property, we can help you there too.
We work as Single Agents adhering to a Fiduciary Standard, the legal term for putting customers' interests first!
View the complete report (.pdf)
Oftentimes people have real estate needs, regardless of what the market is doing. We're here to help. If you are looking and buying or selling a condo in the Miami area, contact us. Use the form below to find out what your condo is worth ... or just send an email and tell us what you are looking for.
