Market report
Miami-Dade market, October 2026
In short
Condos stayed a buyer's market, with 12.5 months of supply. Single-family homes stayed much tighter at 5.2 months, and sold for 95.8% of the list price. The gap between the two is the story: careful condo buyers have room to negotiate, and well-priced houses still move.
At a glance
| Measure | Single-family | Condos |
|---|---|---|
| Closed sales | 1,045 | 1,080 |
| Median sale price | $684,000 | $415,000 |
| Months of supply | 5.2 | 12.5 |
| Median days to contract | 41 | 70 |
| Sale price as % of list | 95.8% | 92.6% |
Months of supply, last 6 months
Under about 6 months usually favors sellers, and over about 9 favors buyers. Condo supply kept rising while single-family stayed near 5.
Show the numbers
| Month | Single-family | Condos |
|---|---|---|
| May 2026 | 4.6 | 10.9 |
| June 2026 | 4.7 | 11.3 |
| July 2026 | 4.9 | 11.6 |
| August 2026 | 5.0 | 11.9 |
| September 2026 | 5.1 | 12.3 |
| October 2026 | 5.2 | 12.5 |
What it means if you're buying
In condos, you have time to read the reserve study and negotiate, and sellers are more open to credits. In houses, expect competition for anything priced right, so have your financing ready before you tour.
What it means if you're selling
If you're selling a condo, price against what actually closed, not what's listed, and have your building's documents ready for buyers. Houses priced to the recent sales are still selling in about 41 days.
Method and source
Figures cover closed sales of existing single-family homes and condos in the county for the calendar month.
Source at launch: the MIAMI REALTORS® monthly county release, or sold data from the MLS feed if it includes it. Each figure keeps the release date.
Get this report every month
One email when the new month is out. No password needed.