Market Intelligence Report — FL-100

Miami, FL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-FL-09
As of the latest 2026 data
Very Weak

Median Listing

$490K
-2.0% YoY

Pending Ratio

0.23
+2.9% YoY

Active Inventory

41,277
-12.3% YoY

Median DOM

85 Days
-4.5% YoY

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The Miami-Fort Lauderdale-West Palm Beach market is currently categorized as Very Weak, with a pending ratio of 0.23 indicating that demand absorption is significantly lagging supply. This condition is observed despite a 2.9% year-over-year increase in the pending ratio, which starts from a low base.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.2%-0.4 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

Miami-Fort Lauderdale-West Palm Beach FL MSA, BLS via FRED

Population & Migration

Data not yet available.

Shows whether the area is gaining or losing potential housing demand.

Miami-Fort Lauderdale-West Palm Beach FL MSA, Census via FRED

Future Housing Supply

1,862+23.6% YoY

New private housing permits · Sep 2026

Shows whether future inventory pressure may increase.

Miami-Fort Lauderdale-West Palm Beach FL MSA building permits, Census via FRED

Market Analysis

What's moving the Miami market right now.

Active listings have contracted by 12.3% year-over-year, while new listings have increased by 4.6% over the same period. The median listing price has experienced a modest 2.0% year-over-year decline, alongside a 0.6% year-over-year reduction in the median price per square foot. Days on market have decreased by 4.5% year-over-year to 85 days, and the share of price-reduced listings is down 1.4% year-over-year to 14.9%.

Waterfront and Brickell driving luxury inflows; insurance reshaping budgets.

Pedro Casanova
Pedro Casanova
Keller Williams Realty

“Local pricing and inventory dynamics across Miami shift block by block — happy to walk through what's actually closing.”

Historical Analysis

Market Trends

Median Price

$490K+0.0% MoM

Active Inventory

41,277-12.3% YoY

Days on Market

85-4.5% YoY

Sold Score™

36+2.9% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

36
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio below 0.25, the absorption of available inventory is severely challenged, indicating significant pressure for price discipline. The pace of transactions remains constrained, affording prospective purchasers extended evaluation periods. This environment places the impetus for concessions firmly on sellers to attract absorption.

Luxury Segment

The average listing price has increased by 4.1% year-over-year to $1,221,993, while the median listing price has declined by 2.0% to $490,000, suggesting a divergence in price movement across market segments, particularly at higher price points. However, the median price per square foot has seen a slight decline of 0.6% year-over-year.

Supply Dynamics

41,277 active listings represent the current floor, with new supply arriving at roughly 10,234 per month.

Pricing Pressure
14.9%

of active listings carry a price reduction, -1.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.6% year-over-year.

Absorption
0.23

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Miami, FL? Homes here are taking 4 days less to sell than last year.

Buyers have leverage in Miami, FL. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
23%
Median Days on Market
85 days
Inventory YoY
−12%

In a buyer's market, strategy beats timing. See how your home scores in Miami, FL and what moves the number.

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Talk to a listing expert who is actively selling in Miami, FL.

Pedro Casanova →

Keller Williams Realty

How these recommendations are chosen →

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Metro Demographics

MSA Population
6.2M
Metro Area
Miami–Fort Lauderdale–Pompano Beach
CBSA Code
33100
State
FL

ZIPs in Miami, FL

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