April 2025
MIAMI DADE - MARKET UPDATE
Miami-Dade County’s housing market in April 2025 continued to adjust under the pressure of rising inventory and tempered buyer demand. While prices remained stable or grew slightly, sales activity showed a clear cooling trend, especially in the townhouse and condo segment.
Miami-Dade Single Family Home
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Closed Sales: 950, down -11% year-over-year
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Median Sales Price: $680,000, up 4% year-over-year
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Active Inventory: 5,527, up 43% from last year
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Months Supply of Inventory: 6.3 months, up from 1.9 months a year ago
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New Listings: 1,605, up 1.5% year-over-year
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New Pending Sales: 1,012, down -15% year-over-year
Single-family homes in Miami-Dade saw prices edge upward even as sales activity slowed. Inventory levels have surged, giving buyers more options and contributing to a market that is steadily shifting in favor of buyers.
Miami-Dade Townhouses and Condo
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Closed Sales: 1,005, down -21% year-over-year
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Median Sales Price: $445,000, up 0.2% year-over-year
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Active Inventory: 13,238, up 43% from a year ago
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Months Supply of Inventory: 13.7 months, a substantial increase from 5.4 months
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New Listings: 2,338, up 4.6% year-over-year
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New Pending Sales: 1,060, down -25% year-over-year
The townhouse and condo market continues to feel the weight of expanding inventory and declining contract activity. While prices held steady, the sharp rise in months of supply points to prolonged decision-making timelines and increased negotiation leverage for buyers.
