Current Market Trends in Miami-Dade County Single Family Homes

📊 Current Market Trends in Miami-Dade County

Active Listings: More Choices for Buyers

The median list price for single-family homes in Miami-Dade County currently stands at $839,999, reflecting a 0.6% decrease month-over-month.

What does this mean for buyers?
✔ More inventory means less competition and better opportunities to find a home that fits your budget.
✔ Prices are holding steady, but sellers are starting to adjust to market conditions.

Thinking of buying a home in Miami? 🏡 Check out our latest Miami homes for sale.

Months Supply of Inventory: A Balanced Market on the Horizon?

The months supply of inventory has climbed to 5.41 months, marking a 9.5% increase from last month and a 23.2% increase year-over-year.

💡 Key takeaway:
✔ While Miami remains slightly in a seller’s market, we’re inching closer to a balanced market where buyers and sellers have equal negotiating power.

If you’re planning to sell, now is the time to price your home strategically before inventory increases further. Get a free home value estimate today!

Median Property Values: Strong but Stabilizing Growth

The median estimated property value in Miami-Dade is $671,490, up 7% from last year, but showing a minor 0.2% decline month-over-month.

What does this mean for sellers?
✔ Your property has likely appreciated in value, giving you a strong return on investment.
✔ However, buyers are becoming more selective, meaning pricing your home correctly is crucial to attract serious offers.

Thinking of listing your home? 📞 Contact us at 786-977-8542 for expert guidance!

💰 Are Home Prices in Miami Still Rising?

New & Pending Listings: A Strong Seller’s Market

✔ The median list price for new pending listings has jumped to $699,000, a 3.6% increase month-over-month.
✔ Meanwhile, overall pending listings are sitting at $680,000, up 0.9% from last month.

🔥 What does this mean?
✔ Buyers are still actively making offers despite rising inventory.
✔ Sellers who price their homes competitively will still see strong demand in the market.

New Listings: Fresh Homes Entering the Market

The median list price for new listings has risen to $750,000, marking a 2.1% increase month-over-month.

🔹 If you’re a buyer: Now is a great time to explore new inventory and find the perfect home. Check out the latest Miami-Dade homes for sale.
🔹 If you’re a seller: Take advantage of this strong pricing environment by listing your home with an expert Miami listing agent.

🏠 What Homes Are Selling For in Miami?

Median Sold Price: What Buyers Are Paying

✔ The median sold price in Miami-Dade is $670,000, a 0.8% month-over-month increase.
✔ According to public records, the median recorded sold price is $620,000, showing a 2.5% increase.

What does this mean?
✔ Homes are still selling at strong prices, but buyers are negotiating slightly more than before.
✔ If you’re selling, highlighting your home’s value through expert marketing is key to getting top dollar.

🔹 Thinking of selling? Get a free home value estimate now!

📈 What’s Next for Miami’s Housing Market?

✔ Miami-Dade is still leaning toward a seller’s market, but trends indicate a shift toward balance.
✔ Buyers have more inventory and more room to negotiate than in previous years.
✔ Sellers can still benefit from strong prices, but correct pricing and expert representation will be key.

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📞 Need Expert Guidance? Let’s Talk!

Whether you’re looking to buy, sell, or invest in Miami, working with a local expert makes all the difference.

📌 Contact Scott Lehr – Real Estate Sales Force
📞 Call/Text: 786-977-8542
🌐 Visit: www.reallistingagent.com

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