July 2025
MIAMI DADE - MARKET UPDATE
Miami-Dade’s housing market in July 2025 reflected a slowdown in sales activity alongside a substantial rise in inventory. Buyers now have more leverage with greater property choices, while sellers are navigating pricing adjustments and longer selling timelines.
Miami-Dade Single Family Home
-
Closed Sales: 861, down -15% year-over-year
-
Median Sales Price: $660,000, down -1.5%
-
Active Inventory: 5,539, up 39%
-
Months Supply of Inventory: 6.6 months, compared to 4.4 a year ago
-
New Listings: 1,395, down -5.0%
-
New Pending Sales: 949, down -7.9%
The single-family market saw fewer closings and modest price declines as rising inventory created more balance between buyers and sellers.
Miami-Dade Townhouses and Condo
-
Closed Sales: 921, down -17% year-over-year
-
Median Sales Price: $406,000, down -4.5%
-
Active Inventory: 12,838, up 31%
-
Months Supply of Inventory: 14.1 months, compared to 9.1 a year ago
-
New Listings: 1,967, down -4.2%
-
New Pending Sales: 1,032, down -6.1%
The townhouse/condo sector continued to cool with double-digit inventory growth and fewer closed sales. Extended supply indicates slower absorption rates, giving buyers stronger negotiating opportunities.
