38 West Eleventh Residences

Is Downtown a buyer's or a seller's market?

Five standard market signals in one reading: 0 is a strong buyer's market, 100 a strong seller's.

What's behind the reading

• Months of supply31.8 months
  Favors buyers1036 listings · 391 sales in 12 months · weight 35%

  How long today's listings would take to sell at the past year's sales pace. In Miami condos, under 6 months favors sellers and over 9 favors buyers.

• Sale-to-list price91.7%
  Favors buyers188 sales · weight 25%

  Median sale price as a share of the original asking price, sales in the last 6 months. Above 97% favors sellers; below 95% means buyers are negotiating.

• Days on market82 days
  Neutral188 sales · weight 15%

  Median days from listing to sale for homes sold in the last 6 months. Faster sales favor sellers.

• Listings with a price cut36%
  Favors buyers1036 listings · weight 15%

  Share of homes for sale now asking less than their original price. More cuts mean sellers are chasing buyers.

• Sales momentum−15% vs last year
  Neutral189 sales · weight 10% · sale-to-list +1.5 pts

  Closings in the last 90 days against the same 90 days a year earlier, plus the change in sale-to-list. Rising sales tilt the market toward sellers.

Resale condos from the MLS (pre-construction towers excluded), all prices. As of Oct 15, 2026 · How the index works

Based in part on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period July 3, 2025 through October 15, 2026.