Inside Miami Real Estate: How 2025 Reshaped the Market for 2026

The Miami-Dade single-family housing market in 2025 was defined by adjustment, resilience, and strategic opportunity. After years of rapid appreciation and ultra-competitive conditions, the market began to normalize, offering clearer signals for both buyers and sellers who understand how to read the data.

Here’s a breakdown of what happened in 2025 and how to interpret it as we head into 2026.

2025 Miami Real Estate by the Numbers
Single-Family Homes | Miami-Dade County

• Average Sales Price: $1.23M (↑ 6% year-over-year)
• Homes Sold: 9,958 (↓ 6%)
• Average Days on Market: 70 days (↑ 25%)
• Homes for Sale: 5,090 (↑ 5%)
• New Listings: 4,874 (↑ 4%)
• Sales-to-List Price Ratio: ~96%
• Months of Supply: ~6.5 months

These figures reflect a market that is no longer overheated, but far from weak.

👉 Click here to download the full Market Trends Report December 2025.

Prices Continued to Rise, but More Selectively

Despite slower transaction volume, home values continued to climb in 2025. The average sales price increased 6% year-over-year, and average price per square foot ended the year around $430, up from prior years.

What changed was where and how homes appreciated. Well-located, move-in-ready, and properly priced homes continued to attract buyers, while overpricing was quickly penalized by longer days on market and price reductions.

Key takeaway: Pricing strategy mattered more than ever in 2025.

Homes Took Longer to Sell, but That’s Not a Bad Thing

Average days on market rose to 70 days, signaling a shift toward a more balanced environment. Buyers had more time to evaluate options, and sellers had to be realistic and strategic. This slower pace does not indicate declining demand – it reflects a market that rewards preparation, presentation, and professional guidance.

Inventory and Choice Improved for Buyers

Inventory increased modestly, and months of supply moved into the mid-6 range which is considered balanced by historical standards.

For buyers, this meant:
• More negotiating power
• Fewer bidding wars
• Better alignment between price and value

For sellers, it meant:
• Competition increased
• Marketing and pricing became critical
• Homes that stood out still sold well

Sales Volume Softened, but Activity Remained Strong

Nearly 10,000 single-family homes sold in 2025. While that number was down slightly from prior years, it reflects a healthy level of activity for a market recalibrating after peak-pandemic intensity. Importantly, homes continued to sell at approximately 95-96% of list price, indicating buyers were engaged, but disciplined.

What 2025 Means for Buyers and Sellers in 2026

For Sellers:
The market now rewards sellers who price correctly, invest in presentation, and work with an agent who understands the local market. The days of “list it and they will come” are over, but strong results are still achievable.

For Buyers:
2025 created opportunities that didn’t exist a few years ago. More inventory, longer decision windows, and price negotiations mean buyers who act strategically can find value in Miami.

Final Thoughts

2025 marked Miami’s transition into a more sustainable, data-driven real estate market. Prices remained strong, inventory normalized, and both buyers and sellers were required to be more intentional.

As we move into 2026, success will depend less on timing the market, and more on understanding it. If you’re considering buying, selling, or investing in Miami real estate, I’m happy to walk you through what these trends mean for your specific goals.

👉 Contact me at kristine.olson@cbrealty.com or 786.998.6683.

Kristine Olson | Luxury Real Estate | Miami and South Florida