Miami-Dade Real Estate Market Stats

Complete market history for all of Miami-Dade County — condos, townhomes, and single family homes. Track every era from the pre-COVID baseline through the historic boom and into today's buyer's market.

Latest: February 2026History from: August 2019Source: Miami Realtors

Source: Miami Realtors Monthly Statistical Report

Median Sale Price

$410K

↓ -9.9% YOY

vs same month last year

Closed Sales

845

↑ +14.7% YOY

units closed February 2026

Active Inventory

12,316

listings on market

Months of Supply

13.4 mo

13+ = deep buyer's market

Cash Buyers

55.3%

of all closings paid cash

Market Conditions — February 2026

Months of SupplyBuyer's

13.4 months

13+ = deep buyer territory. 6 = balanced.

Price TrendSoftening

-9.9% YOY

Year-over-year change in median sale price.

Sales VolumeStrengthening

+14.7% YOY

Change in closed transactions vs same month last year.

Cash Buyers55.3% Cash

55.3%

Over 50% cash signals strong investor demand despite high supply.

Inventory LevelVery High

12,316 listings

Active listings — key driver of buyer negotiating power.

Dollar VolumeFebruary Volume

$0.71B

Total transaction value. Measures overall market activity.

📊

Condo Market: Most Inventory Since 2019

With 13.4 months of supply and 12,316 active listings, Miami's condo market is at its most buyer-friendly in this entire dataset. The median price of $410K is well below the 2022 peak of $445K. Yet 55.3% cash buyer share shows institutional and luxury demand persists. This page covers 79 months: from the pre-COVID oversupply era through the historic 2021–22 boom (2.3 months supply!) and back to today's correction.

Market Eras — Click Any Era to Focus Charts

Pre-COVID Baseline

Aug 2019 – Feb 2020

~$245K median

COVID Crash

Mar – Jun 2020

Sales -61%

Historic Boom

Jul 2020 – May 2022

Prices +71%

Rate Correction

Jun 2022 – Dec 2023

Sales -50%

Buyer's Market

Jan 2024 – Present

13+ mo supply

Time range:

Showing 13 months: February 2025 → February 2026

Median Sale Price

Monthly median · February 2025 → February 2026

Active Inventory

Listings on market end of month

Months of Supply

Dashed line = 6 months (balanced market)

Closed Sales

Green bar = YOY gain · Red = YOY decline

Dollar Volume

Total monthly transaction value ($B)

All-Time Records — Condo / Townhome Market

🏆

Highest Price (Condo)

$455K

February 2025

2022 boom peak

📉

Lowest Price (Condo)

$242K

August 2019

Pre-pandemic baseline

🔥

Most Closings

2,528

March 2022

Peak demand month

❄️

Fewest Closings

563

May 2020

COVID lockdown low

📦

Most Inventory

15,369

November 2019

Today's buyer's market

🏃

Least Inventory

4,711

April 2022

Peak seller scarcity

🐢

Highest Supply

14.2 mo

July 2020

Deepest buyer territory

⚡

Lowest Supply

2.3 mo

March 2022

Deepest seller territory

Condo vs Single Family — February 2026

Metric	Condo / Townhome	Single Family	Gap
Median Sale Price	$410K↓ -9.9%	$685K↑ +4.6%	SF +67% premium
Closed Sales	845↑ +14.7%	733↑ +4.3%	Condo +15% more units
Active Inventory	12,316	5,310	Condo 2.3× more supply
Months of Supply	13.4 mo	6.2 mo	Condo 2.2× higher
Cash Buyers	55.3%	28.4%	Condo 26.9pp higher
Dollar Volume	$0.71B	$0.87B	SF higher vol

Cash Buyers — Both Segments, Full History (Aug 2019 – Feb 2026)

% of All-Cash Closings

Condo cash dominance has been a defining feature of Miami since 2021 — consistently above 50%