The folowing information ilustrates the curent absorption rate for properties priced betwen $1M and $3M.
Absorption Rate as of: 02-21-2025 03:11 pm for dates: January 01, 2025 - January 31, 2025
Criteria used as follows:
Date Range: January 01, 2025 - January 31, 2025
Property Types: Condo || Single Family
Cities: Miami Beach
Absorption Rate Report
If market conditions do not change and if no new listings come on the market it will take the number of months shown for the current inventory to sell at the current pace of the market. A balanced market's absorption rate is typically between 5 to 7 months.
| Description | # of Solds in Date Range | Total Current Actives | # Days per Sold | Absorption Rate (Months) |
|---|---|---|---|---|
| Condo | 8 | 426 | 3.88 | 54.27 |
| Single Family | 5 | 71 | 6.20 | 14.47 |
| Total | 13 | 497 | 2.38 | 38.96 |