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.