Miami-Dade Just Had Its Best June in Three Years

Miami-Dade just posted its best June in three years. According to official June 2026 statistics released by MIAMI REALTORS® + RWorld, the MIAMI MLS, and BeachesMLS, total home sales rose 14.3% year over year, reaching 2,107 transactions. That marks the 10th consecutive month of year-over-year growth — a clear sign that Miami's real estate market remains strong despite elevated mortgage rates.

I want to break down what these numbers actually mean: 

The numbers you should know

• Single-family home sales rose 16.8% year over year.
• Condominium sales increased nearly 12%.
• Sales of $1 million and above jumped 29.1%, up 40% from a year ago according to MIAMI REALTORS®' chief economist.
• Condos priced between $300,000 and $600,000 grew 8.7%.

Why is the market still climbing?

According to Alfredo Pujol, Chairman of the Board of MIAMI REALTORS® + RWorld, cash buyers, wealth migration, and robust global demand continue to fuel Miami real estate. June also coincided with the FIFA World Cup, which brought thousands of international visitors to Miami — many of whom, Pujol notes, saw firsthand why so many companies and executives are relocating here.

Prices: still rising, but differently depending on property type

• The median sale price for single-family homes in Miami-Dade climbed to $695,000, up 3.73% year over year.
• The median condo price dipped to $431,000, down 3.15% from last year — though condo prices have held steady or risen in 165 of the last 181 months.

Inventory: a market moving at two speeds

Here's one of the most important data points for buyers and sellers: total active listings fell 14.9% year over year. But the story is very different depending on the segment:

• Single-family homes: just 4.9 months of supply — this is a seller's market.
• Condominiums: 12.3 months of supply — this is a buyer's market.

That means if you're thinking about selling a single-family home, conditions are working in your favor. If you're shopping for a condo, you have more options and more negotiating leverage than you've had in recent years.

A key detail on condo financing

Only 21 of the 2,397 condo buildings across Miami-Dade, Broward, and Palm Beach counties are FHA-approved — just 0.9%. On top of that, Fannie Mae and Freddie Mac are eliminating the limited review option for many condo loans starting August 3, 2026. If you're considering a condo purchase, it's more important than ever to work with an agent and lender who understand these requirements.

Cash buyers still dominate

38.1% of closed sales in Miami in June were cash transactions, compared to 25% nationally. For existing condos, nearly half (48.5%) of sales were cash — a reflection of strong interest from international buyers and those relocating from more expensive U.S. markets.

What does this mean for you?

If you're thinking about selling a single-family home, this is an excellent time: low supply, high demand, and rising prices.

If you're thinking about buying a condo, you have more inventory to choose from and more room to negotiate — but it's essential to understand the financing landscape before making a move.

If you're an investor or international buyer, Miami remains a surprisingly good value compared to other global cities: $1 million buys you 58 square meters in Miami, nearly double what you'd get in New York or London, according to the 2026 Knight Frank Wealth Report.

Have questions about how these trends apply to your specific situation? Let's talk — as your trusted Miami Realtor, I can help you make the best decision backed by real market data.