Miami’s residential real estate market experienced a robust performance in June 2026, recording a significant surge in transaction volume. According to the latest REMAX National Housing Report, the city saw home sales climb by over 25% compared to the previous year, signaling strong buyer interest and continued market momentum throughout the early summer season.
Key takeaways
- Miami home sales spiked 25.6% year over year, reaching 7,055 total transactions.
- National home sales grew by 7.8% annually across the 51 metro areas surveyed.
- The national median sales price rose to $460,000, reflecting a 2.2% annual increase.
- Inventory levels showed positive growth, increasing 5% month over month.
Strong local growth in a national context
The surge in Miami’s housing activity stands out as one of the most significant in the country. With a 25.6% year-over-year increase in sales, Miami trailed only Detroit, which saw a 26.1% jump. This local performance outpaced the national average, where home sales across 51 monitored metro areas grew by 8.9% month over month and 7.8% year over year. The data suggests that while national trends remain steady, local markets like Miami continue to demonstrate unique strength and high demand.
Inventory and pricing trends
Nationally, the housing market is seeing a measured expansion in available supply. Inventory levels rose 5% month over month and 2.5% year over year, resulting in a 2.7-month supply of homes. This is a slight increase from the 2.5 months recorded in May. Despite this growth in inventory, the national median sales price climbed to $460,000, a 2.2% increase from the previous year. The average close-to-list-price ratio remained stable at 99%, indicating that sellers are maintaining significant leverage in the current environment.