Curious how the Miami-Dade County real estate market is doing? In this 2021 Mid-Year Housing Report, we’re looking at home sales in the first half of 2021 compared to the first half of 2020 and how the market performed in that area.
Home Sales Up 85.1% & Prices Up 66.4%
Home sales more than doubled as of June 30, 2021, with an 85.1% rise in closings, moving from 10,808 to an even 20,000.
Prices in Miami-Dade County rose by a significant 66.4%, now at $811,403 from $487,558.
These metrics include single families and townhouses/condos. The categorical breakdowns are listed in the infographic above.
Listings increased by 22.7% in Miami-Dade County, the first half of 2020 had 21,335 and there were 25,570 new listings in the same time frame this year.
There were 26,186 homes with contracts accepted which is the result of a 71.5% increase over last year, which had 14,910.
The incredible increases the Miami-Dade County real estate market has seen in this mid-year are the result of last year’s shut down due to the pandemic and the closed international borders that came with it. The market is on fire right now with buyers and sellers now able to accomplish what they otherwise would have last year. 2021 could be the biggest year on record for sales.
To learn more about South Florida performance and the predictions for the rest of the year, click here to read the 2021 South Florida Mid-Year Report.
Data provided by SunStats and compared to the prior year.