Miami-Dade County home sales are continuing a monthslong funk, as July showed another gut punch in the number of single-family closings.

The Elliman Report for last month shows there was a sharp drop in newly signed sales contracts year over year. There were 475 home sales in July, a 41.4% decrease from July 2024, when there were 811 closings. The July number is slightly up from June , which saw 431 closings. But June also saw a 45% decline in the year-over-year comparison.

The Miami-Dade market has been brutal for home sales this year. That slide isn’t helped by a growing inventory. There was a 28.7% annual increase in new listings in July, rising from 1,029 in 2024 to 1,324 this July.

“Newly signed contracts across the market have continued to decline annually since the start

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