Miami Dade County - June 2025 Market Update

Months of Inventory:
Currently, we have 9.6 months of inventory, which indicates that we're in a buyer's market. This means there's a significant amount of housing supply available, giving buyers more options and leverage during negotiations. If you're considering buying, this could be an advantageous time to explore the market. Alternatively, if you're selling, understanding the competition can help in strategizing your sale.

Sold-to-List Price Ratio:
Homes in Miami-Dade are selling for about 95% of their asking price. This suggests that while homes are generally being sold slightly below the list price, buyers still value properties close to their initial pricing. Sellers should be mindful of pricing their homes competitively, while buyers might find opportunities for negotiations.

Inventory Trends:
We've noticed a very slight decrease in inventory by 2% this past month, but when we look at the broader picture over the last year, inventory is up by 44%. For buyers, this increase means more choices and potentially better deals. Sellers, on the other hand, might need to consider proactive marketing strategies to stand out in a more crowded market.

Median Days on Market:
Homes are spending a median of 54 days on the market. This steady pace provides both buyers and sellers with a reasonable timeframe to make informed decisions. There's room to plan without the pressure of a rapidly moving market.

Median Sold Price:
The median sold price is currently $585,000. For sellers, this figure can help set realistic expectations for pricing your home. Buyers can use this as a benchmark to gauge property values and budget accordingly.

Whether you're thinking about buying or selling, these insights can help you understand the current landscape and how it might affect your plans. If you have any questions or wish to discuss your real estate goals further, please don't hesitate to reach out. I'm here to assist you in any way I can.

Warm regards,

Christel Renaud | Christel Miami Luxury Living

954-799-3378| [email protected]