Miami Dade County May 2025 Market Update

The Months' Supply of Inventory stands at 9.6, indicating that it would take approximately 9.6 months to sell all the homes on the market if no new listings were added. This metric gives us an indication of the balance between supply and demand in the market.

The 12-Month Change in Months of Inventory is 0.47%, showing a slight increase in inventory over the past year. This could suggest a shift towards a more balanced market, giving buyers more options to choose from.

Median Days Homes are On the Market is 50, indicating that homes are selling relatively quickly in this market. This could be attributed to high demand or well-priced listings.

Sold to List Price Percentage is 0.95%, meaning that homes are typically selling for 95% of their list price. This could indicate a market where sellers are willing to negotiate on price, providing an opportunity for buyers to make competitive offers.

Lastly, the Median Sold Price is $577,750, giving us an idea of the average price of homes sold in the market. This figure can help both buyers and sellers understand the market value of properties in the area.

Overall, the data suggests a market with moderate inventory levels, relatively quick sales, and a balanced approach to pricing. Buyers may find a good selection of homes to choose from, while sellers may need to be strategic in pricing their properties to attract offers. By understanding these metrics, both buyers and sellers can make informed decisions in the real estate market.

Contact me for expert guidance in this competitive market.

Christel Renaud | Christel Miami Luxury Living

954-799-3378 | [email protected]