The average sold price for single-family homes in Miami-Dade in March 2022 was $1.05 million, up +4% year-over-year. Fewer single-family homes were available for sale. Hence, there were fewer number of closed sales.
Single-Family Homes: March 2022 vs year-over-year
Listed: 3,542 down -14%
Pended: 1,605 down -15%
Sold: 1,344 down -18%
Months of Inv: 1.5 no change
Avg Sold Price: $1.05 million up +4%
CONDOS & TOWNHOMES
More buyers are considering condos & townhomes due to low inventory of single-family homes and high prices.
Condos & Townhomes: March 2022 vs year-over-year
Listed: 5,474 down -17%
Pended: 2,774 down -7%
Sold: 2,368 down -1%
Months of Inv: 1.9 down -57%
Avg Sold Price: $761K up +24%
If you’re thinking of selling and are curious about the value of your home in today’s evolving real estate market, contact Rebeca Castellon Group today. We would be happy to provide you with a no pressure home valuation and help you reach your real estate goals!