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Miami’s housing market remains active, but there is a major difference between single-family homes and condos.
📈 Single-Family Homes
Miami-Dade’s median single-family sale price reached $680,000 in August, up 3.8% year-over-year. Inventory fell more than 19%, leaving approximately 4.9 months of supply — conditions that continue to favor sellers.
🏢 Condos
The median condo sale price was $408,000, down approximately 0.5% from last year. Condo inventory declined 9%, but there is still approximately 12.1 months of supply, giving condo buyers considerably more negotiating power. Condo sales, however, increased 1% year-over-year, and sales between $500K–$600K jumped 32%.
💰 Luxury Miami Remains Strong
Through August, Miami-Dade recorded 194 sales of $10 million+ homes — already more than the 170 recorded during all of 2025. Miami’s luxury segment continues to behave very differently from much of the mainstream market.
💵 Cash Is Still King
Approximately 37.8% of Miami-Dade residential transactions were cash purchases in August. For condos, cash represented 50.5% of sales, helping insulate part of the Miami market from higher borrowing costs.
📉 Inventory Is Tightening
Total active Miami-Dade listings fell 12.1% year-over-year, marking the seventh consecutive month of inventory declines. That is important because declining supply can strengthen sellers’ positions even while higher interest rates constrain some buyers.
🏦 The Biggest Headwind: Mortgage Rates
The average U.S. 30-year fixed mortgage rate was 6.95% as of September 17, 2026, according to Freddie Mac. Financing costs therefore remain a major affordability challenge, particularly for mortgage-dependent buyers.
Bottom line: Miami is increasingly a two-speed market. Single-family homes have relatively limited supply and rising median prices, while the existing condo market gives buyers far more inventory and negotiating leverage. Meanwhile, luxury and cash-driven transactions remain an unusually important source of demand.
888 Brickell Dolce&Gabbana Miami Residences and Hotel
The renowned fashion house's inaugural residential and hotel development in the United States. 888 Brickell, is a distinctive Residential Hotel Suite concept featuring 259 hybrid residences ranging from 1 to 4 bedrooms, including a select collection of duplexes and penthouses, all curated and fully furnished by Dolce&Gabbana.
The breadth, depth and calibre of the amenities available to those who call the Aston Martin Residences at 300 Biscayne Boulevard Way their home are simply unrivaled. Encompassing 42,275 square feet on four entire floors. Residents can avail themselves of superb facilities and services carefully selected to heal the mind, relax the body and lift the spirit – all virtually steps from their front doors.
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Illuminated by the infinite shimmer of the sun, this soaring tower will stand radiant on the waterfront where the river meets the bay, in the heart of the glittering lights of the city. Combining the best of Brickell with enlightened design, artful service and enlivening waterfront amenities, residents can expect a lifestyle infused with laid-back glamour and limitless luxury. The ultimate expression of one of the world’s most rarefied aesthetics, refined over centuries, perfected in the heart of Brickell.
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Waldorf Astoria Residences Miami is where high concept design intersects with the utmost in convenience, technology and beauty down to the most minute detail. The living space is designed for upward energy flow, and refined with tailored details by the award-winning BAMO interior design firm. Live life as one with breathtaking backdrops of the downtown Miami skyline, Miami Beach and the Atlantic Ocean.
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THE MIAMI BEACH OF TODAY IS UNAPOLOGETIC, FIZZLING WITH NEW CREATIVE FRISSON, AND ENTIRELY YOURS TO DISCOVER
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Casa Bella Residences
CasaBella Residences by B&B Italia has collaborated with the most celebrated Italian artists to curate your home with select masterworks from the B&B Italia collections. Welcome to the height of sophisticated Italian living. Come home to limitless Italian sophistication and luxury. Enjoy stunning views everywhere you turn. Surround yourself with soaring, light-flooded interiors, garden-filled grounds, and unrivaled, abundant amenities, including a poolside lounge with a Mediterranean café and craft cocktails.
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Unapologetic architecture meets playful design inside this distinctive addition to Wynwood’s core. This bold new building reflects the industrial history of Miami’s artistic and cultural epicenter embracing the visual audacity of the vivid murals that put Wynwood on the map.
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Canvas Miami
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Icon Brickell
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Located in Miami Beach, Mei is a beautiful 22-story residential building. The 135 condo homes at Mei Miami Beach have views of the Intracoastal Waterway or the Atlantic Ocean. Mei Miami Beach was built by PMG Collins, a division of Property Markets Group, and Hirsch Bedner Interior Designers created the interiors and communal areas. The one, two, and three-bedroom condo suites in the Asian-inspired building are joined by six two-story townhomes, which was built in 2008
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Designed for modern luxury living by Bob Martin of The Decorators Unlimited, the residences at 100 Las Olas feature contemporary open great room plans, gourmet kitchens ideal for entertaining, and expansive terraces with glass railings designed to provide unobstructed long-range views of the Fort Lauderdale skyline.
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Soaring to 300 feet, the two slender towers of Fort Lauderdale’s newest luxury condominium are also the tallest on its award-winning beachfront, showcasing unparalleled panoramic Atlantic Ocean, Intracoastal, and city skyline views. At Selene, contemporary architecture by Kobi Karp, spacious residences with expansive private terraces, a host of indoor and outdoor resort-style amenities, and an unrivaled oceanfront dining experience all come together to offer a lifestyle of genuinely relaxed elegance.
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The ideal location for beachfront, contemporary luxury living at its best. Featuring 171 hotel residences, The Residences at W Fort Lauderdale delivers sleek style and spectacular ocean and intracoastal views that would intrigue anyone.
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Where else in Miami can you wake up to the sound of birds chirping and walk less than a block into the middle of the thriving financial district on Brickell Avenue? Yet, this is only a taste of what makes the Le Parc lifestyle so special. At just 12 stories tall with only 128 residences, including studios, one-bedroom, two-bedroom, three-bedroom and townhome units, this refined luxury, eco-friendly refuge delivers the best of both worlds.
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Botaniko Weston is a private enclave of 125 modern luxury residences situated on 121 graciously landscaped acres in Weston. Imagine yourself in a place of simple pleasures and timeless beauty. A place where the memories you create last a lifetime.
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Located in the heart of Cooper City, The Residences at Monterra Commons, Florida’s newest active-adult apartment community, has redefined the gold standard in independent senior living. Featuring spacious, luxury floor plans, a host of high-end resort-style amenities, over 25,000 square feet of state-of-the-art community spaces and an award-winning social and activities calendar, The Residences offers the perfect combination of comfort, convenience, excitement and socialization to bring your dream Florida retirement to life.
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