"In September, home prices rose slightly from the month before, with a median listing price of $630,000. The number of listings on the market shrank 2.1% from last month, which is a bigger decrease than normal for this time of the year in Miami, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Miami tend to fall in September."
"In September, there were 7,671 homes for sale in Miami, which was 2.1% less than the month before and 25.6% more than the same time last year. Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407. Homes in Miami take an average of 88 days to sell, according to September figures. This is the same as the previous month and 21 days more than the same month last year."
Median listing price in Miami increased slightly to $630,000 in September. Price per square foot rose 0.5% month-over-month, diverging from the national decline of 0.8%. Active listings numbered 7,671, down 2.1% from the prior month yet 25.6% higher year-over-year. National active inventory ticked up 0.2% to 1,100,407. Homes in Miami averaged 88 days on market, unchanged from the previous month and 21 days longer than the same month last year. Nationally, homes averaged 62 days on market in September. Sales velocity in Miami remains slower than the national average.
Read at SFGATE
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