Miami-Dade Real Estate Surges: September Becomes the Strongest Sales Month of 2025

The Miami-Dade housing market delivered its most impressive month of 2025 this September, with single-family homes, condos, and overall closed sales all rising compared to last year. Momentum is picking up across price points, and buyers are responding to easing mortgage rates and Miami’s steady long-term value. As always, the Algarin Group is keeping you informed with the latest real estate news.

Sales Activity Climbs Across the Board

Miami total home sales posted a solid year-over-year gain, with single-family closings growing at a stronger pace than condos. Higher-end activity was especially noteworthy, with luxury transactions above the $1 million mark increasing by nearly one-fifth. According to the miamirealtors.com, total dollar volume also expanded significantly, reflecting strong demand from both domestic and international buyers.

Luxury Demand Highlights Ongoing Wealth Migration

The county recorded a clear rise in $1M+ sales compared to last September, signaling that affluent buyers continue to target Miami for lifestyle advantages, tax benefits, and strong economic fundamentals. At the current pace, South Florida is on track to finish the year with one of its highest counts of ultra-luxury sales over $10M.

International demand remains robust as well. Over an 18-month period ending mid-2025, overseas buyers accounted for nearly half of new construction and pre-construction condominium purchases in the region—another signal of Miami’s global appeal.

Single-Family Homes and Affordable Condos See Major Gains

Single-family home sales grew at one of the fastest rates in 2025 so far, supported by declining mortgage rates and a healthy supply of move-in-ready homes.

Condo transactions posted a more modest increase overall, but affordable condos priced under roughly $250,000 experienced the strongest jump. Sales in this segment surged by more than 30% compared to last year—an encouraging sign for entry-level buyers who have been waiting for attainable options.

Additionally, luxury condos above $1 million also saw double-digit growth, again underscoring Miami’s ability to attract diverse buyer segments simultaneously.

Condo Market Appreciation Remains Strong

Condo values have more than doubled over the past decade. The median condo price held steady year-over-year this September, continuing one of the longest streaks of price stability and appreciation in major U.S. housing markets. Single-family home prices also rose, marking more than 13 years of sustained long-term growth.

Even with ongoing appreciation, Miami remains competitively priced internationally. A $1 million budget stretches considerably further here than in many major global cities, offering far more space than places like New York, London, or Paris.

Home Equity Growth Nearly Twice the U.S. Average

Long-term homeowners continue to benefit significantly from Miami’s robust price performance. According to the miamirealtors.com, homeowners who purchased in the late 2000s have built equity gains that nearly double the national average, both for condos and single-family homes. This wealth-building trend highlights the long-term financial advantages of owning real estate in Miami-Dade.

Inventory Trends Show a Market in Transition

Total inventory is still well below pre-pandemic levels, even with year-over-year increases in active listings. New listings, however, continue to decline—an indication that many owners remain confident in the long-term value of their properties and see no urgency to sell.

Single-family inventory has grown modestly, creating a more balanced market with roughly six and a half months of supply. Condos, by contrast, continue to lean toward a buyer’s market with a deeper pool of available units. Yet even with higher condo inventory, totals remain significantly lower than before 2020.

Strong Economic Impact Across Miami-Dade

With more than 1,700 homes sold in September, Miami-Dade generated an estimated economic impact topping $200 million. Rising dollar volume for both condos and single-family homes reflects buyers’ continued willingness to invest in the region’s long-term growth, quality of life, and economic stability.

Distressed Sales Remain Historically Low

Miami’s distressed sales—short sales and bank-owned properties—remain near record lows. Less than 2% of all sales fall into this category, far below the levels seen during the last housing downturn and even below the current national average. This stability continues to support strong prices and healthy transactional activity.

Cash Buyers Continue to Shape the Market

More than one-third of all Miami transactions closed in cash, a significantly higher rate than the national average. In the condo market, nearly half of all purchases were all-cash deals. These buyers are largely unaffected by rising rates, which helps stabilize demand and keeps the Miami market moving even when financing conditions fluctuate.

source: miamirealtors.com