"In November, home prices rose slightly from the month before, with a median listing price of $630,000. The number of listings on the market remained practically unchanged from last month, but it is a smaller increase than normal for this time of the year in Miami, and homes are also selling slower than at the same time last year. Home prices in Miami Typically, home price per square foot in Miami tend to rise in November."
"In November, there were 7,747 homes for sale in Miami, which was 0.3% more than the month before and 16.9% more than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. The number of new listings in Miami was 1,552, which was 1.5% less than the month before and 2.8% less than the same time last year."
Median listing price in Miami was $630,000 in November, a slight increase from the previous month. Price per square foot rose 0.2% month-over-month, outpacing the national decline of 1.2%. Active inventory in Miami was 7,747 homes for sale, up 0.3% from October and 16.9% year-over-year. New listings numbered 1,552, down 1.5% from the prior month and 2.8% year-over-year. National active inventory fell 2.5% to 1,072,266 and national new listings dropped 14.1% to 330,908. Homes in Miami averaged 86 days on market, versus a 64-day national average.
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