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Douglas Elliman Q1 2020 Market Report

April 30, 2020

Just released first quarter 2020 “Elliman Report” for the Miami and Miami Beach market. Our market reports are produced in conjunction with Miller Samuel to provide you with the most comprehensive and objective market insight available.

Takeaways of the report

Final two weeks of March 2020 

Listing inventory for both property types declined quarter over quarter, reflecting market conditions at the end of the quarter. The recent change in market conditions began in early March and has been measured in terms of days. Awareness of the global pandemic known as COVID-10 cooled conditions with two significant rate cuts by the Federal Reserve and the statewide shutdown of non-essential businesses. 


New Year 2020 through mid-March 2020. The median sales price for condos rose 6% to $4264,000 and the median sales price for single-family properties increased by 7.7% to $404,000, respectively, from the year-ago quarter. The number of sales by property type pressed higher.

Award-winning The APT Team has been selling and marketing the most exclusive properties and developments in Miami for over a decade. "Addressing luxury living with APT-itude, not attitude" is the telling philosophy of the Team. Go ahead, leverage us and maximize your real estate experience.

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All data is deemed reliable but is not guaranteed accurate. THE APT TEAM AT Douglas Elliman.
© 2020. Douglas Elliman Real Estate. Equal Housing Opportunity. All materials presented herein is intended is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice. All property information, including but not limited to square footage, room count, number of bedrooms and the school district in property listings are deemed reliable, but should be verified by your own attorney, architect or zoning expert. If you property is currently listed with another real estate broker, please disregards this offer. It is not our intention to solicit the offerings of other real estate brokers. We cooperate with them fully. Broker participation welcome. Oral representations cannot be relied upon as correctly stating the representations of the developer. For correct representations, make reference to the documents required by section 718.503 Florida Statutes to be furnished by the Developer to Buyer or Lessee. Not an offer where prohibited by State Statutes. Plans, features and amenities subject to change without notice. All illustrations and plans are artist conceptual renderings are subject to change without notice. This advertisement does not constitute an offer in the states of NY or NJ or any jurisdiction where prior regulations or other qualifications are required. EQUAL HOUSING OPPORTUNITY.