Miami’s real estate market experienced a notable upswing in February, with home sales climbing significantly compared to the previous month. This surge indicates a strengthening market as the spring season approaches, suggesting increased buyer activity and potentially a more competitive environment for those looking to purchase a home.
Key Takeaways
- Miami home sales increased by 13.4% month-over-month in February.
- Year-over-year sales in Miami saw a 6.7% rise.
- Nationally, home sales declined year-over-year but rose month-over-month.
- The national median sales price saw a slight increase.
February Sales Performance
The REMAX National Housing Report reveals that Miami-Dade County witnessed a substantial 13.4% increase in home sales from January to February. This upward trend continued when looking at year-over-year data, with sales rising by 6.7%. The number of transactions in February reached 4,951, up from 4,642 in the same period last year.
National Market Trends
In contrast to Miami’s robust performance, the national housing market, encompassing 51 surveyed metro areas, experienced a 3.2% decline in sales year-over-year. However, on a month-over-month basis, national sales saw a healthier increase of 11.1%. The inventory of homes for sale nationwide grew by 7.3% year-over-year, remaining flat from the previous month. The months’ supply of inventory stood at 2.9 months, a slight increase from 2.7 months in February 2025 but a decrease from January 2026.
Price and Negotiation Insights
The national median sales price experienced a modest rise of 0.8% both year-over-year and month-over-month, reaching $428,000. The average close-to-list-price ratio was 98%, consistent with January’s figures but down from 99% recorded in February of the previous year. REMAX President Chris Lim commented on the market’s momentum, emphasizing the growing importance of timing, pricing, and strategy for consumers as the spring selling season begins.