The housing market across South Florida is flexing its strength — particularly within Miami-Dade County and Broward County — as both condominium and single-family home sales saw solid year-over-year gains for September 2025.
Key Numbers to Note
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Miami-Dade: Total home sales rose approximately 4.6 % year-on-year (from 1,692 to 1,769). Single-family transactions increased around 6.9 % (809 → 865), and condo sales edged up about 2.4 % (883 → 904).
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Broward: Overall home sales climbed roughly 9.2 % (from 1,850 to 2,021). Single-family sales jumped 12.9 % (928 → 1,048), while condo resales rose 5.5 % (922 → 973).
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The total dollar volume also rose notably — in Miami-Dade, total sales volume increased by 11.4 % year-over-year to about $1.6 billion, while condo volume surged 18.1 % to approximately $676 million.
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Entry-level condos (under $250,000) in Miami saw a remarkable 30.3 % increase in transactions (122 → 159), while $1 million-and-up condos climbed 12.7 % (118 → 133).
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The median sale price of an existing condo in Miami-Dade held steady at $420,000 — remaining flat or higher for 162 of the past 172 months. The median for single-family homes in the county increased 1.8 % year-over-year to $665,000.
Market Dynamics & Takeaways
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Inventory: At the end of September, active listings reached 18,057 — up 20.1 % year-over-year, yet still 16.6 % below pre-pandemic levels (21,624 in 2019).
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New listings declined 9.5 % (from 3,693 to 3,344), indicating that fewer sellers are entering the market despite rising demand.
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Months’ supply of inventory: Single-family homes in Miami-Dade sit at about 6.5 months (a balanced level), while existing condos are at 14 months — leaning towards a buyer’s-market scenario.
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Cash sales continue to dominate the Miami market. In September, about 35.2 % of all closed sales were all-cash, compared with 30 % nationwide. For existing condos, the share was even higher at 46.5 %.
What It Means for the Luxury & Investment Segment
For the luxury market, the uptick in high-end transactions — particularly in the $1 million-plus range — underscores the continued migration of wealth and buyer confidence across the region.
Inventory remains comparatively constrained versus pre-pandemic levels, supporting pricing power for distinctive, waterfront, or design-forward properties. Cash-heavy buyers and international capital remain dominant forces, particularly within the luxury condo and resort-style segments.
Despite this strength, there are pockets of softness — especially among older, non-FHA-approved condo buildings, or those with longer days on market — meaning that well-positioned listings stand out more than ever.
For investors, the data signals that while the market is active, competition is strong and timing is key. Positioning premium product now sets the stage for long-term gains through the year-end and into 2026.
Strategic Considerations for Sellers & Marketers
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Emphasise the unique value proposition of top-tier projects: world-class finishes, resort-level amenities, and international appeal.
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Highlight the relative scarcity of true luxury product and the influence of cash buyers who bypass rate-sensitive segments.
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For rental investors, strong sales activity continues to support premium rental rates — a compelling message for buyers seeking income potential.
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With inventory still below historical norms, launch timing and presentation are crucial. Professionally marketed listings with strong narratives and visuals will continue to outperform.
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For buyers, especially in move-in-ready luxury stock, it remains a favourable window to negotiate strategically while competition increases.
September 2025 marks a pivotal month for South Florida’s real estate market — with resilient pricing, robust transactional volume, and a luxury segment fuelled by global wealth and lifestyle migration.
For high-end advisors and sellers, this is an opportune time to capitalise on market momentum. Premium listings, smart marketing, and strong storytelling continue to define success across Miami-Dade and Broward’s most desirable addresses.
Source: MIAMI Association of REALTORS®
