M GROUP

Summary

June 2024 was a Buyer's market! The number of for sale listings was up 9.4% from one year earlier and down 5.4% from the previous month. The number of sold listings was down 1.4% year over year and increased 16% month over month. The number of under contract listings was down 35% compared to previous month and down 11% compared to previous year. The Months of Inventory based on Closed Sales was 14, up 23% from the previous year.

The Average Sold Price per Square Footage was up 11% compared to previous month and up 49% compared to last year. The Median Sold Price increased by 18% from last month. The Average Sold Price also increased by 30% from last month. Based on the 6 month trend, the Average Sold Price trend was "Appreciating" and the Median Sold Price trend was "Appreciating".

The Average Days on Market showed a neutral trend, a increase of 30% compared to previous year. The ratio of Sold Price vs. Original List Price was 86%, a decrease of 8.5% compared to previous year.

Single Family Waterfront for sale in Miami Beach in June 2024 is 204 units. It is down 9% compared to last month and up 3% compared to last year.

Single Family Waterfront sold in Miami Beach in June 2024 is 21 units. It is down 25% compared to last month and up 10% compared to last year.

Single Family Waterfront under contract in Miami Beach in June 2024 is 17 units. It is down 32% compared to last month and down 35% compared to last year.

Condo and Townhouse for sale $1M+ on Miami Beach in June 2024 is 456 units. It is down -5.4% compared to last month and up +9.4% compared to last year.

Condo and Townhouse for sold $1M+ on Miami Beach in June 2024 is 32 units. It is down -34% compared to last month and down -11% compared to last year.

Condo and Townhouse for under contract $1M+ on Miami Beach in June 2024 is 30 units. It is down -14% compared to last month and down -25% compared to last year.