Closing Price to List Price Ratio January 2010 to July 2015 Commercial Improved MLS within Miami-Dade County
The MLS closing to list price ratio for improved commercial properties within Miami-Dade County drifted a touch lower in July to 96% from 96.3% in the prior month. This remains, as can be seen in the accompanying chart, near the high of 96.9% in April, and is generally in line with favorable trends for commercial property in the area.
It is worth noting that this strength in closing prices relative to listing prices is in the face of continued higher levels of listings, one measure of supply. New listings for improved commercial property continue to run between 300 and 450 per month, as opposed to 200 to 300 prior to 2012.