August 2026 · Miami-Dade Stats

Condo buyers have the upper hand right now.

Condo supply is 12.1 months on 11,495 active listings, which is a buyer's market. The median closing is $408K, ↓0.5% against the same month last year. Pick a metric and the chart follows it.

Frequently asked questions

What is months of supply?

It estimates how long it would take to sell every active listing at the current pace of closings. For condos, under 6 months favors sellers and 9 or more favors buyers; for single-family homes the cutoffs are 5 and 7. Condo and townhome supply is 12.1 months right now, which is a buyer's market.

Is it a buyer's or a seller's market?

For condos, it is a buyer's market. Supply is 12.1 months and the median price is 0.5% below last year. For single-family homes, supply is 4.9 months, which is a seller's market.

Why does the median move when values do not?

The median is the middle closing, so it shifts with what sold that month. A quiet month at the high end drags it down even if individual buildings held value. That is why closings, inventory and supply sit next to it.

How do condos compare to single-family this month?

Condo median is $408K against $680K for single-family, and condos carry roughly 2.7× the active inventory. The comparison table above breaks out every metric.

Where does the data come from?

The monthly Miami Realtors residential report for Miami-Dade County, refreshed a couple of weeks after month end. Latest month shown: August 2026. Every month in the series is kept so era comparisons stay honest.

Can I see older years?

Yes. The range control on the chart goes back through the full series, and the era chips jump straight to pre-COVID, the crash, the boom, the rate correction and the current market.