The Miami market in Q2 2026 is doing something it hasn't done in five years: breathing. Prices are still up, but the frantic energy of 2022–2024 is gone. Buyers have time. Sellers have to actually negotiate.
Single-family vs condo
$685K
Single-family median, Miami-Dade
Source · Miami Association of Realtors, Q2 2026
Single-family inventory remains tight because new construction can't keep up. Condos are a different story — the post-Surfside assessment wave brought thousands of older units to market, especially in coastal buildings 30+ years old.
What's hot, what's cooling
Hot: New construction with completed reserves. Smaller buildings (under 50 units). Anything walkable.
Cooling: Older condos with pending special assessments. Studios above $500K. Anything more than 20 minutes from the urban core.
What the next 90 days look like
Expect prices to flatten in the condo segment and tick up another 2–3% in single-family. Mortgage rates are the wildcard — every 25 bps move shifts buyer pool noticeably.
insight
The smart move in a flattening market: focus on quality. The premium between an average and an excellent unit widens when buyers regain leverage.
Data sourced from Miami Association of Realtors and internal closing data. Updated quarterly.