August 2025
MIAMI DADE - MARKET UPDATE
The Miami-Dade housing market in August 2025 showed mixed performance, with prices edging upward but overall activity moderating as inventory levels continued to rise. Buyers are finding more options, while sellers are navigating a slower pace of closed transactions.
Miami-Dade Single Family Home
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Closed sales: 885, down -8.2% year-over-year
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Median sales price: $655,000, up 2.3%
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Active inventory: 5,361, up 28%
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Months’ supply: 6.4 months, up from 4.7 last year
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New listings: 1,317, down -11%
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New pending sales: 966, down -0.5%
Miami-Dade Townhouses and Condo
The townhouse and condo market experienced more pronounced cooling compared to single-family homes.
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Closed sales: 903, down -13% year-over-year
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Median sales price: $410,000, down -1.2%
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Active inventory: 12,637, up 25%
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Months’ supply: 14.0 months, up from 9.5 last year
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New listings: 1,960, down -11%
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New pending sales: 992, down -7.2%
The Miami-Dade housing market continues to reflect the effects of higher inventory and slower buyer activity. Single-family homes held pricing strength despite fewer sales, suggesting steady demand for well-located properties. In contrast, the townhouse and condo segment is experiencing stronger headwinds, with a sharp rise in months’ supply and fewer pending contracts. Buyers now have greater negotiating leverage, while sellers face a more competitive environment that rewards strategic pricing and well-prepared listings.
