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Elliman Report: Miami Beach + Barrier Islands Sales 4Q 2019

The median sales price was $400,000, up 5.6% from the year-ago quarter, and rose for the third time in the past four quarters. Year to date, the median sales price was $410,000, unchanged from the prior year. The average sales price rose by 9.2% to $969,991, and the average price per square foot increased by 9.4% to $664, respectively, over the same period. The number of sales surged 14.3% year over year to 775. Year to date sales edged up 1.7% to 3,361 from the 2018 total. Listing inventory fell 3.2% year over year to…

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