Miami Real Estate Market Report — November 2026

Right now in Miami, there are 9440 homes for sale. Buyers have been closing about 1244 homes a month over the last three months. At that pace, it would take about 7.6 months to sell everything currently listed. That is a buyer's market. There are more homes for sale than buyers are taking, so buyers usually have more room to negotiate. The typical sold price is $586,891. Among homes that closed, the median sold price was 96.4% of the median list price of those same sales. 8% of those sales closed above their own list price and 78% sold below their own list price. Once a home goes under contract and closes, it has usually been on the market about 52 days. Sold prices over the last three months are about the same as the three months before that. More homes are coming on the market (1938 new in the last 30 days) than are selling each month, so inventory may keep growing. About 13.2% of today's active inventory is selling each month (the absorption rate). Asking prices average about $499 per square foot, while recent sales average about $397 per square foot.