Miami topped the rest of the U.S. for active home listings in July, according to the most recent RE/MAX National Housing Report.
The city saw listings jump 70.5% year over year to 37,654 from 22,086 in July 2023. It was followed by Houston, Dallas, New York and Atlanta, respectively.
Miami also took the top spot among the cities with the lowest close-to-list-price ratios. Homes there sold, on average, for 94% of their asking prices in July. The city was followed by Couer d’Alene, Idaho; New Orleans; Tampa and Orlando.
Miami ranked second in the U.S. for months supply of inventory, behind San Antonio. The market saw that figure jump 78% year over year from 2.8 months to five months.
“July’s real estate activity is a promising sign of market resilience,” RE/MAX President Amy Lessinger said in a press release. “Inventory bounced back after the historic lows of recent years, giving buyers far more options — even with the recent declines in new listings.”