Miami-Dade June 2026 housing market statistics: what the numbers say for second-half 2026

Last updated: July 2026

The June 2026 Miami-Dade housing market statistics, released by MIAMI REALTORS on July 17, describe what the association calls the county's best June for total sales in three years, and the tenth consecutive month of year-over-year sales growth [1]. Total home sales rose 14.3% year over year to 2,107 closings, with single-family transactions up 16.8% and condo transactions up 12.0% [1]. The single-family median sale price reached $695,000, up 3.73% from $670,000 a year earlier, while the condo median came in at $431,000, down 3.15% year over year [1]. Supply is where the two property types part company: single-family homes sat at 4.9 months of supply, a tight market by any standard definition, while condos carried 12.3 months, well into territory that favors buyers [1].

If you are underwriting a purchase or a sale for the second half of 2026, that split is the whole story. Sellers of well-located single-family homes still hold most of the leverage. Condo sellers are competing in a crowded field where cash buyers set the tone and negotiability is real. The sections below walk through the numbers and what they mean for each side of the table.

The June 2026 numbers at a glance

All figures below are Miami-Dade County, June 2026, year over year, from the MIAMI REALTORS monthly release [1].

Metric	Single-family	Condo/townhouse
Closed sales	1,049 (+16.8%)	1,058 (+12.0%)
Median sale price	$695,000 (+3.73%)	$431,000 (−3.15%)
Active listings	4,380 (−22.7%)	11,550 (−11.5%)
Months of supply	4.9	12.3
Median days to contract	52	85
Pct. of original list price received	95%	94%
Cash share of closings	27.6%	48.5%

Countywide dollar volume reached roughly $2.4 billion, up 36.4% year over year, with single-family volume up 39.8% and condo volume up 31.5% [1]. Total active inventory fell 14.9% to 15,930 listings, and sales at or above $1 million climbed 29.1% to 483 closings [1].

Single-family: demand recovering into shrinking supply

The single-family side of the ledger is straightforward. Sales rose 16.8% while active listings fell 22.7%. When transactions accelerate and inventory contracts at the same time, months of supply compresses, and 4.9 months is the result. That is down from 5.2 months in the May 2026 release, so the month-over-month direction is tighter, not looser [1][2]. A balanced market is conventionally described as somewhere around six to nine months of supply, so single-family conditions continue to favor sellers.

The price response is firming but still measured. A 3.73% annual gain on the median is a step up from the near-flat 0.74% annual gain reported for May, yet it is nowhere near the double-digit appreciation of the boom years [1][2]. That reads like a market clearing at a high plateau with modest upward pressure: buyers are transacting again, but they are disciplined on price. One tell is marketing time. Median days to contract stretched to 52 in June from 42 a year earlier, even as sales volume grew [1]. Homes are selling, at 95% of original list price, when the ask is set honestly; overpriced listings are the ones absorbing those extra weeks.

The $1 million and up segment is the fastest-growing slice of the county, with 483 total sales at or above $1 million, up 29.1% year over year [1]. Neighborhoods with constrained single-family stock, think Coral Gables or Pinecrest, are where that math bites hardest, because replacement inventory is not arriving fast enough to meet returning demand.

Condos: a genuine buyer's market inside a seller's county

The condo column deserves a careful read. Sales grew 12.0%, dollar volume rose 31.5%, and condo inventory fell 11.5% year over year. Those are all demand-positive signals. But 11,550 active condo listings against roughly a thousand monthly closings still works out to 12.3 months of supply [1]. That is more than double the single-family figure and well past the threshold where pricing power shifts to buyers.

The median condo price of $431,000 was down 3.15% from a year earlier, though it was higher than the $415,000 median reported in the May 2026 release, a month-over-month move that partly reflects the mix of what sold rather than a clean trend [1][2]. Cash matters here more than anywhere else: 48.5% of June condo closings were cash, roughly half the market [1]. Cash buyers are less sensitive to financing hurdles, association budgets, and milestone-inspection findings, and they negotiate accordingly. A financed buyer competing in this segment should underwrite the association as carefully as the unit, because reserve funding and insurance line items now drive both lendability and resale.

None of this means the condo market is uniform. Buildings with completed milestone inspections, funded reserves, and manageable assessments trade very differently from buildings with open structural questions. The countywide 12.3-month figure blends both. In high-demand urban cores like Brickell, well-run buildings still see competitive activity, while older stock with unresolved capital needs accounts for a disproportionate share of the standing inventory, and a median condo days-to-contract figure of 85 shows how long the slower half of that inventory waits [1].

Rates and the underwriting math

The release cites a 30-year fixed rate averaging 6.49% in June 2026, per Freddie Mac's Primary Mortgage Market Survey data [1][3]. Rates in the mid sixes are no longer news to anyone, and the sales data suggests the market has largely repriced around them; June produced the strongest sales month of the cycle with rates essentially unchanged from spring. The practical takeaway for a financed buyer is that waiting for a materially lower rate is a speculative position, not a plan, while the cash-heavy composition of the market, 38.1% of all closings countywide, means financed offers need clean terms and realistic pricing to compete [1].

What this means if you are selling in the second half of 2026

For single-family owners, the setup is favorable but unforgiving of mispricing. Sellers received 95% of original list price at the median, which means correctly priced homes transact near ask and overpriced homes fund their neighbors' comps through repeated cuts. With single-family inventory down 22.7% year over year, you are likely facing less direct competition than at any point in the past year, and the $1M+ segment is the strongest bid in the county. The discipline is in the launch price, especially with median days to contract at 52 rather than the faster clocks of prior years. If you want a data-grounded read on where your specific property sits before you commit to a number, start with a listing valuation.

For condo owners, honesty about the segment is the kindest advice. At 12.3 months of supply, the marginal condo listing is competing against a year's worth of standing inventory. The sellers who transact are the ones who price against the last ninety days of closed sales in their own building and line, document the association's financial health up front, and treat cash offers seriously even at a discount to a shakier financed number. Selling into this market is entirely doable, it just rewards preparation over optimism.

What this means if you are buying in the second half of 2026

Buyers get two very different playbooks. On the single-family side, 4.9 months of supply means selection is thin and clean listings attract competition, so pre-underwriting your own file, financing, insurance quotes, and inspection logistics, is what lets you move at the speed the segment demands.

On the condo side, this remains the most negotiable large segment Miami-Dade has offered in years. A 12.3-month supply figure, a median price down year over year, and an 85-day median path to contract translate into leverage on price, seller concessions, and timelines, particularly for buyers who can close without financing contingencies. The risk transfer is that the diligence burden shifts to you: association budgets, reserve studies, milestone-inspection status, and insurance costs are the difference between a discount and a liability. Segment-level statistics do not price a specific unit in a specific building, and the spread between well-run and troubled buildings is wide enough that averages can mislead in both directions. If you want that diligence framework applied to your search, a buyer consultation is the place to start.

Frequently asked questions

Is Miami-Dade a buyer's market or a seller's market right now?

Both, depending on property type. As of the June 2026 data, single-family homes at 4.9 months of supply favor sellers, while condos at 12.3 months of supply favor buyers [1]. Countywide averages obscure this split, so anchor your strategy to the segment you are actually transacting in.

Why are condo prices down while single-family prices rise?

Supply. Condo inventory, at 11,550 active listings, dwarfs single-family inventory at 4,380, and structural factors like milestone inspections, reserve-funding requirements, and rising association costs have pushed more condo stock onto the market while thinning the buyer pool for older buildings [1]. Single-family homes face no equivalent supply wave.

Are cash buyers really that dominant in Miami?

In the condo segment, yes. Cash accounted for 48.5% of condo closings and 38.1% of all Miami-Dade closings in June 2026 [1]. Financed buyers can absolutely compete, but they should expect to do so with clean terms and full preparation rather than on price alone.

Should I wait for mortgage rates to drop before buying?

The 30-year fixed rate averaged 6.49% in June 2026 per Freddie Mac survey data cited in the release, and the county still recorded its strongest June sales total in three years at that level [1][3]. Timing a rate decline is speculation. The more reliable approach is to underwrite the purchase at today's rate, confirm it works, and treat any future refinance as upside rather than a requirement.

Does ten straight months of rising sales mean prices are about to jump?

Not necessarily. Sales growth alongside a moderate 3.73% single-family price gain, a declining condo median, and lengthening days to contract suggests a market normalizing on volume rather than reheating on price [1]. Watch months of supply by segment; that is the metric that moves pricing power.

Gabriel

Sources

Gabriel A. Moyers, PA. eXp Realty. Florida License #3407280. Equal Housing Opportunity. This article is general information as of July 2026 and is not legal, tax, or financial advice. Verify current figures against authoritative sources before acting.