The housing market in Miami-Dade County, Florida, recorded a gradual recovery at the start of 2026, supported by continued demand for single-family homes and a stable condominium segment despite rising financing costs.
Total residential sales increased by 1.2% in January, reaching 1,869 transactions. Single-family home sales grew 2.8% for the fifth consecutive month, while condominium sales remained largely stable, posting a marginal 0.1% decline.
Luxury real estate demand stood out as a key driver, with sales of homes priced above $1 million surging by more than 21% year-over-year. Cash purchases accounted for 44% of total transactions, significantly higher than the U.S. average, helping the market withstand the impact of elevated interest rates.
On the pricing front, the median price of a single-family home continued to climb to approximately $700,000, reflecting a 3.7% annual increase, while the median condominium price reached $420,000. Although inventory levels edged up slightly, they remain below pre-pandemic levels.
Overall, the market reflects steady growth supported by strong liquidity and luxury housing demand, with prices continuing to rise but at a more moderate pace compared with the post-pandemic boom years.
