Nov 19, 2020 - 0 Comments - Trends -

Miami Commercial Real Estate Sales to List Price Ratio Firms Back Up ~ October 2020 MLS

Miami Association of Realtors January 2010 to October 2020 Sales to List Price Ratio for Commercial/Industrial Property Type Classification within Miami-Dade County and Price from $1 Million to $10 Million

The sales to list price ratio as reported by the Miami MLS for improved commercial real estate within Miami-Dade County from $1 million to $10 million firmed back up in October to just over 90% after a dip in September. This put the ratio within but in the lower end of a 5% band it has been in for the past year or so.

It remains reasonable to assume there is a touch of COVID effect on this ratio, with the sales to list prior ratio seeming to now be a touch lower than before COVID. Nonetheless, this ratio continues to remain in the middle of where it has been in the past decade, as can also be clearly seen in the chart.