Miami Dade County February 2025 Market Trends
Christel Renaud March 7, 2025
Christel Renaud March 7, 2025
The real estate market is currently showing a Months Supply of Inventory of 8.69, indicating a balanced market where there is a relatively equal number of buyers and sellers. However, there has been a significant increase in the 12-Month Change in Months of Inventory, with a rise of +39.94%, suggesting a trend towards more inventory and potentially shifting towards a buyer's market.
Despite this increase in inventory, homes are still selling relatively quickly, with a Median Days on the Market of 58. This could be attributed to the strong Sold to List Price Percentage of 96.5%, indicating that sellers are still able to command close to their asking price.
The Median Sold Price of $575,000 shows that the market is still robust, with prices holding steady. Buyers can find value in this market with a good selection of homes to choose from, while sellers can still expect to receive a competitive price for their property.
Overall, the real estate market is in a state of transition, with increasing inventory but continued strong demand. Buyers and sellers alike can benefit from this dynamic market, with opportunities for both parties to make a successful transaction.
Contact me for expert guidance in this competitive market.
Christel Renaud | Christel Miami Luxury Living
912-484-0498 | [email protected]
Stay up to date on the latest real estate trends.
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today.