Miami February 2023 vs February 2022

Miami February 2023 vs February 2022

  • Freta
  • 03/25/23

The stats are out for Miami’s real estate in February 2023.

Total dollar volume in February neared $1.4 billion dollars.

There were 727 single-family, (a -27.8% variance from 1,007 in previous year) and 965 condos/townhome a (-46.6% variance from 1,807  sold in previous year). Dollar volume for single-family homes decreased by 26.8% and condos/townhomes by 49.5%.

Median prices pushed higher

Single-family median sales price in Feb 2023 increased 3.5% to $555,000. Median sales prices for condos increased 2.6% to $390,000.


Seller's Market

Inventory for Miami single-family homes is 3.8 months and condos is 4.5 months. Supply is low.

Single-family home dollar volume dropped by 26.8% year-over-year to $706.2 million. Condo dollar volume decreased 49.5% year-over-year to $662.5 million.


Florida Market Stats by County.


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