Miami-Dade County experienced a remarkable surge in real estate sales throughout 2025, culminating in a record-breaking year. Despite market fluctuations, the region saw significant year-over-year growth across various property types, driven by a combination of pent-up demand, declining mortgage rates, and sustained wealth migration. Both the luxury and affordable segments of the market demonstrated robust performance, painting a picture of a resilient and appealing real estate landscape.
Key Takeaways
- Record Sales Month: September 2025 marked the best sales month of the year for Miami-Dade County, with overall home sales increasing by 5% year-over-year.
- Luxury Market Boom: Transactions for properties priced at $1 million and above surged by 20% in September, with ultra-luxury sales on pace to approach pre-pandemic highs.
- Affordable Segment Strength: The affordable condo market, specifically units priced at $250,000 or below, saw a substantial 30.3% yearly increase in sales.
- Market Fundamentals: Miami continues to rank high nationally for all-cash sales and skilled job growth, bolstering its real estate market’s stability.
- Inventory Trends: While overall inventory remains below pre-pandemic levels, active listings saw an increase, creating opportunities for buyers.
A Year of Unprecedented Growth
Miami-Dade County’s real estate market closed out 2025 with a flourish, achieving its strongest sales performance of the year in September. This momentum continued into October, marking the second consecutive banner month. Total home sales saw a 5% year-over-year increase in September, driven by a 7% rise in single-family transactions and a 2% uptick in condo sales. The total dollar volume also experienced an impressive 11% growth.
Luxury and Ultra-Luxury Segments Shine
The high-end market segment proved to be a significant driver of this success. Sales of properties valued at $1 million and above saw a remarkable 20% surge in September. Projections indicated that South Florida was on track to achieve the second-highest number of $10 million-plus home sales for a calendar year, nearing the record set in 2021. This trend underscores Miami’s enduring appeal to ultra-high-net-worth individuals attracted by its favorable tax environment, business opportunities, and lifestyle.
Affordable Housing Holds Its Ground
Beyond the luxury market, the affordable segment also demonstrated resilience. Sales of condos priced at $250,000 or below experienced a substantial 30.3% year-over-year increase in September. This indicates sustained demand for entry-level properties, crucial for first-time homebuyers and those seeking value in the market. Even as overall condo prices have appreciated significantly over the past decade, these affordable units continue to hold their value.
Market Drivers and Future Outlook
Experts attribute the robust sales activity to a combination of factors. Declining mortgage rates are encouraging more buyers to enter the market, while wealth migration from higher-tax states and strong financial market performance continue to fuel demand, particularly in the luxury sector. Miami’s strong national rankings in all-cash sales (43% of transactions) and skilled job growth further solidify its market fundamentals, making it less susceptible to interest rate fluctuations.
While new listings have seen a decline, active listings have increased, creating a more balanced market. Looking ahead, economists anticipate continued momentum into 2026, supported by further declines in mortgage rates and sustained migration trends. The market is poised for continued strength, reflecting South Florida’s long-term appeal and value trajectory.
Sources
- Miami-Dade County posts best real estate sales month of the year, South Florida Agent Magazine.
- Miami-Dade Real Estate Hits 2025 High as Sales and Luxury Deals Surge, The Capitolist.
- Miami-Dade Real Estate Registers Best Sales Month of the Year, PR Newswire.
- Miami-Dade Posts Second Consecutive Banner Home Sales Month, PR Newswire.
- Miami-Dade Ultra-Luxury Sales on Pace to Set Records; Affordable 30-Year Condo Units Holding Value, PR Newswire.