February 2026
MIAMI DADE - MARKET UPDATE
February brought plenty of movement to the Miami-Dade County real estate market, painting a picture of a market that is evolving in distinct ways depending on what type of home you are buying or selling. Whether you are eyeing a single-family home or exploring the townhouse and condo space, the numbers tell a compelling story worth paying attention to.
Miami-Dade Single Family Home
The single-family home market in Miami-Dade County showed steady momentum in February 2026. Closed sales reached 733, up 4.3% from a year ago, while the median sale price climbed to $685,000, a 4.6% increase year over year. Buyers are clearly still active, as new pending sales jumped 7.7% to 1,118. Active inventory grew 3.3% to 5,310 homes, and months supply of inventory rose to 6.2 months, up from 5.8 months a year ago. New listings dipped 8.8% to 1,448, suggesting sellers are a bit more cautious, even as demand continues to hold firm.
Miami-Dade Townhouses and Condo
The townhouse and condo side of the market told a more nuanced story. Closed sales surged an impressive 15% year over year, reaching 845 transactions, and new pending sales rose 5.8% to 1,173. However, the median sale price softened to $410,000, down 9.9% from a year ago, which reflects the weight of significant inventory sitting on the market. Active inventory stands at 12,316 units, down slightly by 2%, but months supply of inventory climbed to 13.4 months, up from 12.6 months last year. New listings fell 13% to 2,166, yet supply remains abundant, giving buyers real negotiating power in this segment.
Miami-Dade County is a market of contrasts right now. Single-family homes continue appreciating with healthy demand, while townhouse and condo buyers are finding more options and softer prices. Knowing how to navigate each segment is everything.
Ready to make your move in Miami-Dade County? Contact The Branham Group today and let our expertise guide you every step of the way.
