Video Housing Miami Market Update
Southeast Florida
Update Released August 22, 2025 With June, 2025 Stats
MARKET TRENDS Miami-dade COUNTY, FLORIDA
Market Report for Miami-dade County, FL
33.5% More Active Listings YOY in Miami-Dade County
July 2025
Homes: Closed Sales are Down -14.6% Median Sale Price is Down -1.5% for an median sale price of $660,000, and Inventory is Up 50.0% with 6.6 Months supply of Inventory.
Condos: Closed Sales are Down -17.3%, Median Sale Price is Down -4.5%, for a median sale price of $406,000. and Inventory is Up 31.3% with 14.1 Months supply of Inventory which indicates a buyers market.
Released: August 22, 2025 with July, 2025 Stats
Miami-Dade Real Estate Insights
The July 2025 Miami-Dade County single-family home market reveals significant shifts:
- Sales Decline: Closed sales dropped by 14.6% year-over-year, signaling reduced buyer activity.
- Inventory Surge: Active listings increased by 38.9%, pushing months supply of inventory to 6.6 months (+50%).
- Pricing Dynamics: Median sale price dipped slightly (-1.5%), while average sale price rose (+6.1%), indicating mixed pricing trends.
- Market Speed: Median time to contract increased by 51.7%, reflecting slower market activity.
Understanding these trends can help buyers, sellers, and investors make informed decisions in a shifting market. Dive deeper into inventory, pricing, and sales performance for actionable insights.
Single Family Homes July Statistics
Closed Sales
- July 2025: 921 closed sales (-17.3% YoY).
- Year-to-Date (YTD): 6,352 closed sales (-16.2% YoY).
Cash Sales
- July 2025: 449 cash sales (-14.3% YoY).
- YTD: 3,255 cash sales (-15.1% YoY).
- Percentage of Closed Sales Paid in Cash (July 2025): 48.8% (-1.2% YoY).
Median Sale Price
- July 2025: $406,000 (-4.5% YoY).
- YTD: $430,000 (+1.2% YoY).
Average Sale Price
- July 2025: $838,728 (+15.1% YoY).
- YTD: $825,167 (+8.9% YoY).
Dollar Volume
- July 2025: $772.5 million (-4.9% YoY).
- YTD: $5.2 billion (-8.8% YoY).
Median Percent of Original List Price Received
- July 2025: 92.7% (-2.2% YoY).
- YTD: 93.4% (-1.8% YoY).
Median Time to Contract
- July 2025: 65 days (+27.5% YoY).
- YTD: 76 days (+43.4% YoY).
Median Time to Sale
- July 2025: 107 days (+16.3% YoY).
- YTD: 116 days (+24.7% YoY).
New Pending Sales
- July 2025: 1,032 (-6.1% YoY).
- YTD: 7,268 (-17.5% YoY).
New Listings
- July 2025: 1,967 (-4.2% YoY).
- YTD: 16,021 (+2.7% YoY).
Inventory (Active Listings)
- July 2025: 12,838 (+31.3% YoY).
- YTD (Monthly Avg): 12,847 (+39.7% YoY).
Months Supply of Inventory
- July 2025: 14.1 months (+54.9% YoY).
- YTD (Monthly Avg): 13.4 months (+61.4% YoY).
Closed Sales by Price Range (July 2025)
- $300,000–$399,999: 192 sales (-11.9% YoY).
- $400,000–$599,999: 232 sales (-24.4% YoY).
- $1,000,000 or more: 139 sales (-2.1% YoY).
Median Time to Contract by Price Range (July 2025)
- $300,000–$399,999: 57 days (+26.7% YoY).
- $1,000,000 or more: 71 days (-6.6% YoY).
New Listings by Initial Listing Price (July 2025)
- $300,000–$399,999: 343 listings (-14.9% YoY).
- $1,000,000 or more: 319 listings (+6.7% YoY).
Inventory by Current Listing Price (July 2025)
- $300,000–$399,999: 2,113 listings (+36.4% YoY).
- $1,000,000 or more: 2,696 listings (+20.4% YoY).
Market Trends
- The market is shifting toward a buyer’s market with increased inventory and longer time to contract/sale.
- Median sale prices have decreased, while average sale prices have increased, indicating a potential rise in higher-end home sales.
- Cash sales remain a significant portion of transactions but have declined YoY.
This data reflects the real estate market for townhouses and condos in Miami-Dade County as of July 2025.
Miami total Home Sales Decreased -16%, Single Family Home Sales Decreased -14.6%, Condo transactions decreased -17.3%. Total active listings are up 33.5%. Miami-Dade County’s single-family home active inventory continued to increase in July 2025, with active listings rising +38.9% year-over-year to reach 5,539 homes listed and 6.6 months supply of inventory which is a balanced market. The average sales price for Single Family Homes is down -1.5% at $660,000. This downward trend offers buyers increased leverage and a wider selection of homes, while sellers have more competition.
Miami-Dade County’s condo/townhome active inventory increased in June 2025, with active listings rising +31.3% year-over-year to reach 12,838 condos/townhomes listed and 14.1 months supply of inventory which is a Buyer’s market. The average sales price for a Townhouse/Condo is down -4.5% with an average price of $406,000. This downward price trend offers buyers increased leverage and a wider selection of condos, while sellers have more competition.
Staying updated on Florida’s real estate market trends is essential for making informed decisions when buying, selling, or investing. The market’s unique seasonal shifts, driven by factors like weather, taxes, and out-of-state buyers, can significantly impact property values and availability.,
Video Housing Miami Market Update
Understanding these trends helps you time your transactions for maximum advantage—whether buying in the off-season for better prices or selling during peak demand. For investors, being aware of the latest trends enables you to identify profitable opportunities, from vacation rentals to long-term properties.
Having the knowledge of real estate market dynamics empowers you to make strategic, well-timed moves that can lead to financial success. Text or call 561-339-1779 or Email to Schedule a FREE Consultation.
Videos/Reports by Miami Realtors Association® & Beaches MLS and Realtors® Association of the Palm Beaches
Miami-Dade County
Market Snapshot Report
Update Released August 22, 2025 with July, 2025 Stats
How these reports are made: Statistics are compiled by Realtors Association of the Palm Beaches using the BeachesMLS from the FULL previous year of properties. The sold data was released April 24, 2025.
Miami-dade County, Florida Report
Condo Townhouses
Released August 23, 2025 with July, 2025 Stats
Miami Realtors Association Market Update July 2025
Other Reports
June 2025 Market Report PDF
June 2025 Hot Markets Report PDF
June 2025 Single Family Homes & Condos Report PDF
Miami Association of Realtors®
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Freddie Mac Mortgage Rates
April 1, 1971 to March 27, 2025. Rate was 6.8% on April 24, 2025 in South Florida
Chart is based on a 30Y FRM = 30 Year Fixed Rate Mortgage
Lowest Mortgage Rate was 2.65% on Jan 6, 2021
Highest Mortgage Rate was18.63% on October 8, 1981
Mortgage Rate average was 6.58% on August 14, 2025.
To view the latest update on mortgage rates, plus see 30 year chart, go to:
Freddie Mac Primary Mortgage Market Rates.
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