Key Biscayne

Greater Miami Area Residential Sales Dip 8 Percent Annually in November

Based on new data by the Miami Association of Realtors, total Miami-Dade residential sales decreased 7.8% in November 2023, from 1,791 to 1,651, due to elevated mortgage rates and low inventory in key price points.

Miami Overall Residential Sales Slip 5 Percent Annually in October

Miami single-family home sales decreased 1.5% year-over-year, from 884 in October 2022 to 871 in October 2023. Miami single-family home sales, which saw an increase in transactions the previous month, still has a lack of inventory in key price points as elevated mortgage rates have impacted buyers looking to finance.

Greater Miami Residential Sales Down 9 Percent Annually in September

According to Miami Association of Realtors September 2023 statistics, total Miami-Dade Florida residential sales decreased 8.9% in September 2023, from 2,178 to 1,984 transactions. The statistics don't include South Florida's developer new construction market and volume.

Miami Area Residential Sales Slip 13 Percent Annually in August

Greater Miami area residential sales decreased 13.1% year-over-year in August 2023, from 2,505 transactions in August 2022 to 2,178 in August 2023, because of elevated mortgage rates and lack of supply in certain price points.

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