Market report · Miami-Dade County
The Miami-Dade housing market: two markets, side by side.
Single-family homes and condos sit on opposite sides of the market. Here are the September 2026 figures for both, what they mean if you are buying or selling, and how to read them.
The finding
In September 2026, Miami-Dade single-family homes had 5.1 months of supply, which MIAMI REALTORS® says indicates a seller’s market. Existing condos and townhouses had 12.3 months, which it says indicates a buyer’s market. Calling the whole county one or the other misses half the picture.
Source: MIAMI REALTORS® / SEFMLS, Miami-Dade County, September 2026 data, released Oct. 16, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period 09/01/2026 through 09/30/2026.
September 2026, by segment
Single-family homes
“Indicates a seller’s market”
5.1 months of supply
6.5 months a year earlier
Condos and townhouses
“Indicates a buyer’s market”
12.3 months of supply
14.0 months a year earlier
Miami-Dade County, September 2026 (September 2025 and the change in parentheses)
| Measure | Single-family homes | Condos and townhouses |
|---|---|---|
| Months of supply | 5.1 (6.5) | 12.3 (14.0) |
| MIAMI REALTORS® label | “indicates a seller’s market” | “indicates a buyer’s market” |
| Median sale price | $692,000 ($665,000; +4.1%) | $417,090 ($420,000; −0.7%) |
| Active listings | 4,536 (5,437; −16.6%) | 11,706 (12,620; −7.2%) |
| Closed sales | 824 (865; −4.7%) | 909 (904; +0.6%) |
| Median days, list to contract | 41 (50) | 67 (75) |
| Median % of original list price received | 95.3% (94.7%) | 93.9% (92.9%) |
Source: MIAMI REALTORS® / SEFMLS, Miami-Dade County, September 2026 vs. September 2025, released Oct. 16, 2026. New construction is largely not reported in the MLS, so these figures mainly reflect resales. Condo figures include townhouses; single-family figures exclude townhouses. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the periods 09/01/2025 through 09/30/2025 and 09/01/2026 through 09/30/2026.
Two-year trend
Of the readings shown, condo and townhouse supply was highest at 14.1 months in July 2025 and has eased to 12.3. Single-family supply reached 6.6 months in July 2025, the highest of the readings shown, then tightened back to 5.1 as active listings fell.
Source: MIAMI REALTORS® / Florida REALTORS® monthly Miami-Dade summaries. Market labels as defined by MIAMI REALTORS®: under 6 months is a seller’s market, 6 to 9 is balanced, over 9 is a buyer’s market. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period 08/01/2024 through 09/30/2026.
If you are selling
Single-family sellers face less competition than a year ago: active listings fell 16.6% to 4,536, and homes that sold went under contract in a median 41 days, against 50 a year earlier. Buyers still negotiate, though; sellers received a median 95.3% of original list price. Condo and townhouse sellers compete with 11,706 active listings, so price and presentation carry more weight. More in the seller guide.
Source: MIAMI REALTORS® / SEFMLS, Miami-Dade County, September 2026 vs. September 2025, released Oct. 16, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the periods 09/01/2025 through 09/30/2025 and 09/01/2026 through 09/30/2026.
If you are buying
Condo and townhouse buyers have more choice and more room to negotiate, although that room has narrowed: sellers received a median 93.9% of original list price, up from 92.9% a year earlier. Single-family buyers face tighter supply and should prepare before touring. More in the buyer guide.
Source: MIAMI REALTORS® / SEFMLS, Miami-Dade County, September 2026 vs. September 2025, released Oct. 16, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the periods 09/01/2025 through 09/30/2025 and 09/01/2026 through 09/30/2026.
At the top of the market
MIAMI REALTORS® reports 24 Miami-Dade single-family and condominium sales of $30 million or more from January through September 2026, more than the 21 recorded in all of 2025, the previous full-year record.
Source: MIAMI REALTORS® / SEFMLS, released Oct. 16, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the periods 01/01/2025 through 12/31/2025 and 01/01/2026 through 09/30/2026.
How to read these numbers
- Months of supply estimates how long current listings would last at the recent pace of sales.
- Condos and townhouses are reported together. New construction, pre-construction and condo conversion sales are largely not reported in the MLS, so these figures mainly reflect resales. Single-family figures exclude townhouses.
- Median days, list to contract covers homes that sold during the month.
- Median % of original list price received compares each sale price with the first list price, so it reflects any price reductions.
- Each month’s figures are compiled from MLS data shortly after the month ends, and MIAMI REALTORS® notes they may vary with reporting dates.
Next update: after MIAMI REALTORS® releases October 2026 data, expected November 16, 2026.
Questions we hear
Is Miami-Dade a buyer’s market or a seller’s market?
Both, depending on the property type. In September 2026, single-family homes had 5.1 months of supply, which MIAMI REALTORS® says indicates a seller’s market, and existing condos and townhouses had 12.3 months, which it says indicates a buyer’s market.
What is the median sale price in Miami-Dade?
In September 2026, the median sale price was $692,000 for single-family homes, up 4.1% from September 2025, and $417,090 for existing condos and townhouses, down 0.7%, according to MIAMI REALTORS®.
How often is this report updated?
Monthly, after MIAMI REALTORS® publishes the prior month’s Miami-Dade figures, usually in the middle of the month. October 2026 figures are expected on November 16, 2026.
Figures in these answers: Source: MIAMI REALTORS® / SEFMLS, Miami-Dade County, September 2026 vs. September 2025, released Oct. 16, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the periods 09/01/2025 through 09/30/2025 and 09/01/2026 through 09/30/2026.
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