Miami Housing Market Update – March 2026

Miami’s real estate market is shifting in favor of buyers, and rare homes are being scooped up. Active listings are up significantly, and for the first time in years, buyers are gaining real negotiating power; sellers are consistently accepting offers around 6% below asking price on average.

Luxury is still booming — sales of $1M+ homes are up over 21%, and Miami continues to lead the nation in cash purchases, with nearly 43% of sales closing without financing.

The condo market is especially buyer-friendly right now, with inventory at a 13.7-month supply — though buyers should carefully review HOA finances and reserve funds, as Florida’s post-Surfside condo safety laws continue to drive fee increases in older buildings.

Whether you’re a first-time buyer, ready to sell, investor, or upsizing to luxury; I know this market inside and out.

Contact me today for a personalized strategy session.