The median number of days to sell commercial improved property within Miami-Dade County shot up in July to 113 versus the prior month level of 83. Although worthy of note and markedly higher than the prior month, this level remains low versus levels that reached as high as 198 in the 5 years and 7 months ending July 2015, and is lower than the level of any month in 2010.
This metric is somewhat erratic, as can be seen in the accompanying chart. Thus. any given month by itself doesn’t establish a trend. The metric is worth paying attention to, nonetheless, particularly within the context of other commercial property trends in Miami-Dade.