South Beach

11.1 months supply

Over 9 months of supply indicates a buyer's market — more negotiating leverage for buyers.

+38.0%

Median sold price moved from $375,000 to $517,500 over the past 6 months. Year-over-year: -4.2%.

-4.9%

Active listings down from 1,211 to 1,152 over 6 months. Relatively stable.

120 days avg

Average days on market decreased by 13 days vs 6 months ago (was 133 days). Faster sales pace — strong demand.

+15.2%

3-month avg sales: 81 units/mo vs 70 units/mo three months prior. Accelerating sales volume.