Miami Realtors Monthly Market Summary - May 2021

Market Report provided by Miami Association of Realtors

Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the per cent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the number of sales in the same month in the previous year), rather than changes from one month to the next