Market Intelligence Report — FL-100

Miami, FL

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

Ref. No: 2026-FL-08
As of the latest 2026 data
Very Weak

Median Listing

$490K
-2.0% YoY

Pending Ratio

0.24
+4.5% YoY

Active Inventory

40,908
-15.0% YoY

Median DOM

85 Days
-5.6% YoY

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The Miami-Fort Lauderdale-West Palm Beach market is currently categorized as Very Weak, with a pending ratio of 0.24 indicating significant demand absorption challenges. Despite a modest year-over-year increase in the pending ratio, the current level reflects a market where active listings substantially outpace demand. Total active listings decreased by 15.0% year-over-year, yet this contraction is insufficient to meaningfully tighten the market given the low demand.

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

3.7%+0.2 pp YoY

Unemployment rate · Jul 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

2,732-5.9% YoY

New private housing permits · Jul 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 15.0% over the past year, reaching 40,908 units. New listings saw a marginal year-over-year decrease of 1.0%, contributing to a slightly slower replenishment of inventory. Median listing prices declined by 2.0% year-over-year, accompanied by a 0.8% decrease in median price per square foot. The share of price-reduced listings is at 14.6%, representing a 2.8% decrease from the prior year, suggesting some stabilization in pricing adjustments, although the overall trend remains downward.

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-1.0% MoM

Active Inventory

40,908-15.0% YoY

Days on Market

85-5.6% YoY

Sold Score™

39+4.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

39
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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

In this environment, the protracted absorption of inventory places significant pressure on pricing discipline for sellers. The low pending ratio indicates that buyers have considerable leverage in negotiations, with ample selection and less urgency to commit. The pace of transactions is likely to remain subdued, as indicated by the high volume of active listings relative to pending sales.

Luxury Segment

While median listing prices declined year-over-year, the average listing price increased by 4.9% over the same period, suggesting divergent performance between market segments. This disparity, alongside a stable median square footage, indicates some resilience or elevated pricing within the higher-tier properties despite the broader market's weakness.

Supply Dynamics

40,908 active listings represent the current floor, with new supply arriving at roughly 9,104 per month.

Pricing Pressure
14.6%

of active listings carry a price reduction, -2.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.8% year-over-year.

Absorption
0.24

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Miami, FL? Homes here are taking 5 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
24%
Median Days on Market
85 days
Inventory YoY
−15%

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

See my Sold Score & selling strategy

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

Sorted by active inventory · click a ZIP for its full report

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