Miami-Dade Posted Its Best June Since 2023: Sales Up 14.3%, Dollar Volume Up 36%
2,107 closings, a $695,000 single-family median, cash at 38% of deals and inventory down 15%. The condo line is the one to read twice.
MIAMI REALTORS' June report, published July 17, counted 2,107 closed sales in Miami-Dade, up 14.3% year over year and the best June since 2023. Single-family transactions rose 16.8% and condo transactions rose 11.9%. Dollar volume jumped 36.39% to $2.4 billion, and sales at $1 million and above climbed 29.1%.
Under the headline
- Inventory is contracting. Active listings fell 14.9% year over year, from 18,715 to 15,930.
- Two supply pictures. Single-family months of supply was 4.9. Existing condos sat at 12.3 months.
- Negotiating room. Sellers received a median 95% of original list price on houses and 94% on condos.
- Cash. 38.1% of closings were cash.
“Cash buyers, wealth migration, and robust global demand continue to fuel Miami real estate”Alfredo Pujol, 2026 Chairman of the Board, MIAMI REALTORS
My read
The volume number is real, and the luxury number is real. But the same release shows the condo median falling while the single-family median rises, and twelve months of condo supply against five for houses. When a buyer asks me whether “Miami is hot,” the honest answer is a question back: which Miami? If you are buying a house, expect competition and move fast on the right one. If you are buying a resale condo, you have time and leverage, and you should spend both on the building's financials. If you are selling, know which column you are in before you set a price.
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