Q1 2026 Report
Miami Real Estate Market Report
A comprehensive analysis of Miami-Dade County real estate trends, pricing data, and neighborhood insights to help you make informed decisions.
$625,000
Median Home Price
+5.2% YoY
12,400+
Active Listings
+8% vs Q4
52 days
Avg Days on Market
-6 days YoY
$4.8B
Sales Volume
Q1 2026
Market Overview
Miami's real estate market continues to show strength heading into Q2 2026. The median home price across Miami-Dade County reached $625,000, representing a 5.2% increase year-over-year. Strong domestic migration from high-tax states and continued international investment are driving demand.
Inventory levels have increased 8% compared to Q4 2025, offering buyers more options than the previous two quarters. However, the market remains competitive in premium neighborhoods like Coral Gables, Coconut Grove, and Key Biscayne where homes sell within 38-42 days on average.
The luxury segment ($2M+) saw particularly strong activity, with international buyers from Latin America, Europe, and the Middle East driving demand for new construction and waterfront properties.
Key Takeaways
- Seller's market in Coral Gables, Coconut Grove, Key Biscayne
- Balanced market in Brickell, Downtown, Miami Beach
- Buyer opportunity in Homestead and outlying areas
- Pre-construction sales up 22% with 15+ active developments
- Cash transactions represent 38% of all sales
- Mortgage rates averaging 6.5-7.0% for 30-year fixed
- Rental demand remains strong, supporting investor returns
Neighborhood Breakdown
| Neighborhood | Primary Type | Median Price | YoY Change | Active Listings | Avg DOM |
|---|---|---|---|---|---|
| Brickell | Condos | $620,000 | +4.2% | 1,847 | 58 days |
| Coral Gables | Single Family | $1,250,000 | +6.1% | 412 | 42 days |
| Miami Beach | Condos | $890,000 | +3.8% | 2,103 | 65 days |
| Doral | Single Family | $520,000 | +5.3% | 634 | 35 days |
| Coconut Grove | Single Family | $1,450,000 | +7.2% | 198 | 38 days |
| Wynwood/Edgewater | Condos | $485,000 | +8.5% | 1,245 | 52 days |
| Homestead | Single Family | $380,000 | +3.1% | 876 | 48 days |
| Downtown Miami | Condos | $550,000 | +5.7% | 1,650 | 61 days |
Download the Full Report
Get the complete Q1 2026 Miami market report with detailed charts, forecasts, and investment recommendations.