Journal · Miami Real Estate
By Josh Stein · Florida license SL3057661 · Updated 29 October 2026
Miami-Dade, June 2026
Volume up and condominium prices down, in the same market, in the same month. Both figures are correct.
Miami-Dade total sales rose 14.3% year over year in June 2026, the tenth consecutive month of growth (MIAMI Association of Realtors, 17 July 2026). The condominium median fell 3.15% in the same month, and million-dollar-plus sales reached 483, up 29.14%.
Key Takeaways
- Sales up 14.3% in June 2026: the tenth consecutive month of year-over-year growth in Miami-Dade (MIAMI Association of Realtors, 17 July 2026).
- Condominium median down 3.15% in the same month, with 12.3 months of supply and 85 days to contract, up from 68.
- Single-family homes went the other way: median up 3.73%, 4.9 months of supply, 52 days to contract.
- 483 sales above $1 million, up 29.14%: $1M-plus condo sales also rose year over year in each month of Q1 2026, to 125, 157 and 191 (MIAMI Realtors).
- Cash carries much of the top: 48.5% of Miami-Dade condominium sales in June 2026 and 82% of Miami’s $1 million-and-up condominium sales in 2025.
- Volume and price can separate: a large stock of condominiums repricing downward can add sales while pulling the median down.
- Ask three questions of any headline: volume or price, houses or condominiums, and which price band.
Total Miami-Dade sales rose 14.3% year over year in June 2026, the tenth consecutive month of annual growth. Sales above $1 million reached 483, up 29.14%.
Listing information is deemed reliable but is not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Data is supplied by the MLS and may be subject to change or withdrawal without notice.
Last updated November 13, 2026, 7:58 am
Those are the numbers that make the headlines, and they are accurate. They are also the least useful way to understand what is happening.
What a volume headline conceals
In the same month, the Miami-Dade condominium median fell 3.15% year over year, with 12.3 months of supply and 85 days to contract, up from 68. Single-family homes went the other way: median up 3.73%, 4.9 months of supply, 52 days to contract.
So the market grew, houses tightened, the top accelerated, and the middle of the condominium market softened. Every one of those statements is true of “Miami in June 2026,” and a single number cannot carry them.
Why volume and price separate
Transaction volume responds to whether deals are clearing. Price responds to what is being bought and what supply it competes against. When a large stock of condominiums reprices downward, some of them sell, which adds volume while pulling the median down.
Rising volume can therefore be a sign of a market clearing a backlog rather than a market bidding upward, and in the condominium segment that is closer to what is happening.
The part that is straightforwardly strong
The million-plus segment is not ambiguous. 483 sales, up 29.14%, in June 2026, and Miami-Dade $1 million-and-up condo sales had already risen year over year in each month of Q1 2026, to 125, 157 and 191, per MIAMI Realtors’ reports of 17 February, 16 March and 17 April 2026. Cash carries much of it: 48.5% of Miami-Dade condominium sales in June 2026, and 82% of Miami’s $1 million-and-up condominium sales in 2025, per MIAMI Realtors.
A segment that is largely cash is insulated from the financing rules that reshaped the rest of the market on 3 August 2026. That is a large part of why it looks so different.
How to read any Miami headline
Ask three questions. Is this volume or price? Is it houses or condominiums? And which price band? A number that does not specify all three is not describing a market you can act on.
Frequently asked questions
How long has Miami-Dade sales growth continued?
June 2026 was the tenth consecutive month of year-over-year sales growth, with total sales up 14.3%.
If sales are up, why did the condo median fall?
Volume measures deals clearing; price measures what sold against available supply. A large repricing condominium stock can add transactions while pulling the median down 3.15%.
Which part of the Miami market is unambiguously strong?
The million-plus segment, with 483 sales in June 2026, up 29.14%, is largely cash-funded and therefore insulated from the August 2026 financing changes.
How did Miami-Dade single-family homes compare with condominiums in June 2026?
The single-family median rose 3.73% with 4.9 months of supply and 52 days to contract, while the condominium median fell 3.15% with 12.3 months of supply and 85 days to contract, up from 68.
How much of Miami’s condominium market is cash?
48.5% of Miami-Dade condominium sales in June 2026, and 82% of Miami’s $1 million-and-up condominium sales in 2025, per MIAMI Realtors.
How should I read a Miami market headline?
Ask three questions: is it volume or price, houses or condominiums, and which price band. A number that does not specify all three is not describing a market you can act on.
How has your building held its value? The Miami Condo Index ranks Miami condo buildings by their county sale records: real price per square foot, turnover and four-year change.
Sources and further reading
- MIAMI Association of Realtors, Miami-Dade Posts Best June in Three Years, 17 July 2026miamirealtors.com
- MIAMI Association of Realtors, South Florida Luxury Home Market Reaches New Milestones, 23 July 2026miamirealtors.com
- MIAMI Association of Realtors, Miami-Dade Total Home Sales, Single-Family Transactions Climb Again, 17 February 2026 (January 2026: $1M-and-up condo sales 125, from 103)miamirealtors.com
- MIAMI Association of Realtors, Miami-Dade Home Sales Rise for Sixth Straight Month as Condo Sales Jump, 16 March 2026 (February 2026: $1M-and-up condo sales 157, from 132)miamirealtors.com
- MIAMI Association of Realtors, Miami-Dade Home Sales Rise for Seventh Consecutive Month, 17 April 2026 (March 2026: $1M-and-up condo sales 191, from 174; 13 months of existing-condo supply; MLS totals exclude most new-construction sales)miamirealtors.com