Fewer houses are for sale in Miami-Dade, and the ones that sell are going for more. That's the picture in September numbers from MIAMI REALTORS, released Oct. 16. The county single-family summary compares September 2026 with September 2025.

Fewer homes to choose from

There were 4,536 active single-family listings at the end of September, down from 5,437 a year earlier. Sellers also added fewer new listings: 1,316, down 4.2%.

Months of supply measures how long it would take to sell every listed house at the current pace. It fell from 6.5 months to 5.1 months, which the association calls a seller's market.

Prices and speed

  • Median sale price: $692,000, up from $665,000.
  • Median time to contract: 41 days, down from 50.
  • Median time to sale: 80 days, down from 89.
  • Sellers got a median 95.3% of their original list price, up from 94.7%.

The average sale price jumped 27.3% to $1,404,636. A few very expensive sales pull the average up, which is why the median is a better guide to a typical house. Through September, Miami-Dade had 24 home sales of $30 million or more, an annual record, according to the association's release.

The single-family median has risen in 175 of the last 179 months, the release says.

Sales and cash buyers

Closed sales fell to 824 from 865. New pending sales, a sign of what will close in coming weeks, fell 11.6% to 814.

Cash buyers bought 216 houses, up 7.5%. That is about 26% of all single-family sales. Distressed sales stayed rare: three bank-owned sales and two short sales.

City by city

Sales did not move the same way everywhere. Compared with a year earlier, single-family sales rose 47% in Miami Beach, 22% in Hialeah, 9% in the City of Miami and 7% in Coral Gables, according to the South Florida housing report.

Condos are a different market

Condos and townhouses had 12.3 months of supply in September, the association said. That is a buyer's market, the opposite of houses.

What it means

For people selling a house, there are fewer competing listings and homes are going under contract faster. For buyers, there are fewer choices, though the typical house still sold below its original asking price. For more context, see our September listings and asking prices story, our mortgage rate budget explainer and our guide to Amendment 3 on the Nov. 3 ballot.

October numbers are scheduled for release Nov. 16.

Buying or selling in Miami-Dade? The Miami Lookout is founded by Joe Biscaha, a Miami real estate advisor with Compass.

Historic single-family home in Coral Gables
A 1924 house in Coral Gables. Source