Blog Home » Real Estate Reports » May 2019 Monthly Condo Report

May 2019 Monthly Condo Report

Miami Real Estate Report, May 2019 Statistics
KEY NUMBERS (Compared to May 2018)

· Number of Condo Sales up 3.5%
· Number of Single Family Sales up 10.2%
· Median  Condo Price     down 0.8%
· Median Single Family Price up 2.9%
· Inventory (# of listings)
          Condos up 2.5%
          SFH up  8.7%

   The Condo Market had a 3.5% increase in sales, increase in new pending sales - up 0.8%, a decrease in the months supply of inventory—down 2.8% to 13.7 month supply and a 0.8% decrease in the median sale price. The numbers tend to indicate the approaching of a more normal market although, for condos, it’s still a buyer’s market with many outstanding opportunities.
   The Single Family Home Market, with a 6.3 month supply of inventory showed strong increases in closed sales in the $300,000 to $1 million price range. Over one million, sales were down 5.8% with a 10.1% increase in inventory. Overall SFH sales were up 10.2% with a median price increase of 2.9%. 

SELLING COASTAL MIAMI TO THE WORLD!

Ralph E. De Martino -- Aura Cecilia Rengifo ,
Ocean International Realty
5151 Collins Ave., Suite 227
Miami Beach, FL 33140

Phone 305.695.1105
Fax 305.328.4690
ralph@OIRmiami.com