Real Estate June 21, 2023

May 2023’s Single Family Homes report for Miami-Dade County

Many of you ask me for this information during our telephone conversations.  I figured I’d just put it on a quick blog, so that you don’t have to visualize the information in your head.

Basically, we continue with a scenario of low inventory…so naturally the number of actual sales are down plus many sellers are stuck on unrealistic prices, which also means less sales.


However, homes are taking longer to sell. This means that buyers are able to negotiate the price down about 3-5% on average.  The longer a property is sitting on the market unsold, the more a seller is usually willing to move away from their asking price.

Click this link for the full report.