Inventory:
The inventory of condos in Miami Beach stands at 1,518 units, which reflects a significant month-over-month increase of +14% and +86% in one year.
Average Price:
The average price for condos in Miami Beach is currently $1,496,429, indicating a month-over-month increase of +4%. Year-over-year, there has been an increase of +10% in the average condo price.
Average Price per Square Foot:
The average price per square foot for condos in Miami Beach is $961, representing a month-over-month increase of +2% and +14% compared to October 2022.
Average Days on Market (DOM):
The average time a condo spends on the market in Miami Beach is 148 days, reflecting a notable month-over-month slight decrease of -15%. Year-over-year, there has been a minor change of -33% in the average DOM.
