Miami has firmly solidified its position as one of America’s premier luxury real estate markets. Recent data shows that in 2025, the Miami metro recorded the second-highest number of homes priced at $1 million or more in the entire country—surpassing Los Angeles and trailing only New York.
With over 10,600 million-dollar listings this year, Miami continues to attract high-net-worth buyers from across the U.S. and around the world. The demand is driven by wealth migration, tax advantages, a global lifestyle appeal, and the growing presence of branded residences and ultra-luxury developments.
While a $1M price tag is no longer a guarantee of ultra-luxury, it remains a clear indicator of Miami’s evolving landscape and the strength of its high-end inventory. The ultra-luxury segment—properties priced above $10M—remains especially resilient, with hundreds of transactions expected to close before year-end.
This environment creates notable opportunities. Sellers benefit from continued global visibility and demand, but strategic pricing and compelling marketing are essential to stand out. Buyers gain access to a broader range of inventory and potential negotiation leverage in select submarkets.
Miami is not simply competing with the nation’s top markets—it is redefining them. And as 2026 approaches, all indicators suggest that the city will continue to lead as a destination where lifestyle, investment, and luxury converge.
