Though home sales have slumped in Miami, other key market indicators show there’s life in the market yet, according to data this week from the Jo-Ann Forster team at Compass.

Last week, the percentage of canceled sales was at its lowest level since the first week of the quarantine. For two weeks at the end of March and early April, almost half of the number of contracts signed resulted in a cancellation. Last week, cancellations occurred on 28% of sales, according to the Compass report, which utilizes data from the Miami Association of Realtors MLS.

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The city closed non-essential businesses on March 17.

Miami-Dade county has 11,831 confirmed cases of coronavirus and 324 people have died, according to the Johns Hopkins University's coronavirus resource center. Nationwide, the number of people tested positive for the virus has now surpassed 1 million and 60,316 people have died.

Signed contracts have ticked up too, rising in the past two weeks to 359 and then 401, from a recent low of 329 at the beginning of April. But the numbers are still down 30% from the start of the quarantine, according to the report.

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Closed sales have fallen for five consecutive weeks. Last week, there were 193 closings, a 58% decline compared to the pre-quarantine weekly average of 455, according to the report.

Sales at the high end are faring worse than the overall market, with transactions of homes priced at $1 million and more plummeting 70%, compared to the pre-quarantine average.