Miami’s real estate market started 2026 on an unexpected upswing, with home sales rising in January even as the majority of US metro areas saw declines. According to REMAX’s latest National Housing Report, Miami stands out as one of the few metropolitan areas to post a year-over-year increase in transactions.
Key Takeaways
- Miami home sales up 2.5% year over year in January 2026
- U.S. national home sales down 6% year over year and 32% from December
- Miami leads U.S. metros with seven months’ supply of homes for sale
- National median sale price up 1% to $425,000
Miami’s Market Contrasts National Trends
In January, Miami bucked the broader trend that saw home sales fall in 51 major metro areas tracked by REMAX. While the national market experienced a 6% dip compared to January 2025 and a significant 32% fall month-to-month, Miami’s 2.5% annual sales increase demonstrates local strength despite seasonal slowdowns seen nationwide.
Inventory at a 25-Month High
REMAX’s report highlighted that available homes for sale in the U.S. rose by nearly 11% compared to the previous year, maintaining more than two consecutive years of inventory growth. Miami, in particular, continued to lead all surveyed metros with a robust seven months’ supply, reflecting an annual increase. This elevated supply level gives buyers more choices and suggests Miami is closer to a balanced market than most regions.
| Market | Homes for Sale YoY | Sales YoY | Months Supply | Median Sale Price |
|---|---|---|---|---|
| Miami | +10.9% | +2.5% | 7.0 | $425,000 |
| National (average) | +10.9% | -6% | 3.1 | $425,000 |
Home Prices and Buyer Opportunities
Nationally, the median sale price rose by 1% year over year to reach $425,000, though it dropped by 2% month to month. In Miami, the close-to-list price ratio remained strong—homes sold for approximately 98% of their asking price, matching ratios seen in both January and December 2025.
Market Moving Toward Balance
Erik Carlson, CEO of REMAX, noted that January is typically a slower month for real estate, but increased inventory and new listings across the country provided more opportunities for buyers. While sales have adjusted for the season, Carlson suggested that the current fundamentals indicate the market is trending toward greater equilibrium — especially in markets like Miami where supply is ample and price growth is moderate compared to previous years.
As winter transitions into spring, Miami’s resilience could make it a bellwether for broader housing trends in 2026, especially as buyers nationwide seek out markets with more choices and less competition.