Miami-Dade home sales up for a sixth straight month. Here’s what to know

Home sales in Miami-Dade County climbed nearly 10% in February compared to the previous year, extending an upward streak to six consecutive months. The gains spanned both ends of the market, from condos under $500,000 to ultra-luxury properties above $5 million.

FULL STORY: Home sales are up in Miami-Dade. Check the trends for condos and prices

Here are key takeaways:

• Single-family home sales in Miami-Dade were up more than 4% year-over-year in February, while existing condo sales jumped nearly 15%, according to Miami Association of Realtors data.

• Sales of properties over $5 million rose 11%, and condos priced between $400,000 and $500,000 were up 19%. Median single-family home prices increased more than 4%.

• The Miami Association of Realtors has named South Florida the No. 1 ultra-luxury market in the U.S., with a home sale over $10 million happening every day in the region on average. Mark Zuckerberg broke Miami-Dade’s record with a $170 million mansion purchase in Indian Creek.

• It’s still a buyer’s market for Miami-Dade condos, with more than 13 months of available inventory — well above the six months that signals a balanced market. But condo inventory decreased year-over-year in February for the first time since July 2023.

• Broward County told a different story: Total home sales dipped 0.8%, and existing condo sales fell nearly 3%. Million-dollar-and-up transactions, however, rose nearly 20%.

This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using our own originally reported, written and published content. It was reviewed and edited by our journalists.

This story was originally published March 26, 2026 at 6:46 AM.