M GROUP

Summary

June 2023 was a Buyer's market! The number of for sale listings was up 7.5% from one year earlier and down 11% from the previous month. The number of sold listings decreased 56% year over year and decreased 43% month over month. The number of under contract listings was up 67% compared to previous month and up 100% compared to previous year. The Months of Inventory based on Closed Sales was 21.5, up 142% from the previous year.

The Average Sold Price per Square Footage was up compared to previous month and up 50% compared to last year. The Median Sold Price increased by 154% from last month. The Average Sold Price also increased by 59% 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 decrease of 26% compared to previous year. The ratio of Sold Price vs. Original List Price was 76%, a decrease of 12% compared to previous year.

Single Family Waterfront for sale in Miami Beach in June 2023 is 104 units. It is up 7% compared to last month and up 39% compared to last year.

Single Family Waterfront sold in Miami Beach in June 2023 is 22 units. It is up 47% compared to last month and down 8% compared to last year.

Single Family Waterfront under contract in Miami Beach in June 2023 is 3 units. It is down 67% compared to last month and down 80% compared to last year.

Condo and Townhouse for sale $1M+ on Miami Beach in June 2023 is 430 units. It is down -4% compared to last month and up 22% compared to last year.

Condo and Townhouse for sold $1M+ on Miami Beach in June 2023 is 35 units. It is up -25% compared to last month and down -46% compared to last year.

Condo and Townhouse for under contract $1M+ on Miami Beach in June 2023 is 38 units. It is down 15% compared to last month and up 6% compared to last year.