How competitive is the Miami housing market?

Miami is moderately competitive as of August 2026, with a Sold Score of 59/100 (Fair Chance of Selling). **Pending ratio** is 0.40 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is -2.4% — fewer choices for buyers than a year ago. **Median days on market** is 71. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 25.8% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (August 2026): Sold Score: 59/100 (Fair Chance of Selling) · Pending ratio: 0.40 · Inventory YoY: -2.4% · Median days on market: 71 · Sellers cutting price: 25.8% · Median listing price: $189,900 (-2.5% YoY)