How competitive is the Miami housing market?

Miami is soft for sellers as of July 2026, with a Sold Score of 39/100 (Challenging Market Conditions). **Pending ratio** is 0.24 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is -16.9% — fewer choices for buyers than a year ago. **Median days on market** is 85. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 21.2% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (July 2026): Sold Score: 39/100 (Challenging Market Conditions) · Pending ratio: 0.24 · Inventory YoY: -16.9% · Median days on market: 85 · Sellers cutting price: 21.2% · Median listing price: $495,000 (-2.9% YoY)