How competitive is the Miami housing market?

Miami is soft for sellers as of September 2026, with a Sold Score of 36/100 (Challenging Market Conditions). **Pending ratio** is 0.23 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is -12.3% — 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 21.9% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (September 2026): Sold Score: 36/100 (Challenging Market Conditions) · Pending ratio: 0.23 · Inventory YoY: -12.3% · Median days on market: 85 · Sellers cutting price: 21.9% · Median listing price: $490,000 (-2.0% YoY)