Miami-Dade single-family home sales in June 2020 were up 5.5% when compared to just one month earlier, May 2020. Reported Miami Herald.
Pending sales, although they remain to be closed, are a critical indication of buyer participation in the market. Miami-Dade single-family home pending sales were up 27.4% when compared to May 2020 and were up 39.4% when compared to June 2019. This increase in contracts and closed sales has caused inventories to drop by 12.8% from May 2020. In the coming months, it is likely that, at the current rate of sales, we will be in a sellers’ market.
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