In July 2026, home inventory increased 4.7% year over year and 2.8% from June, with median sales price steady at $450,000, up 3.4% annually. Home sales rose 2.5% year over year but fell 5.7% month over month. Months' supply of inventory grew to 3.0. Market conditions varied widely by location, with some metros seeing higher sales and inventory, while others faced tighter supply. Homes averaged 45 days on market.
Rarely available and exceptionally spacious 3-bedroom, 2.5-bath residence in one of the most desirable and centrally located areas of Miami-Dade County. This well-maintained home offers an expansive floor plan, ceramic tile flooring throughout, and the convenience of an in-unit washer and dryer. Perfectly situated with easy access to major highways and just minutes from Walmart, Costco, Home Depot, Dolphin Mall, and International Mall. Low association fees add to the value of this exceptional opportunity. The unit includes one assigned parking space plus one guest parking space. Owner occupied. Please contact the Listing Agent to schedule all showings. A minimum of 24 hours' notice is required. Association has NO RESERVES. Preferred financing available. Offering conventional financing with as little as 5% down (subject to borrower qualification). Contact Listing agent for more information. DO NOT advertise, repost, syndicate, or publish this listing on Zillow or any third-party platform without the prior written authorization of the Listing Broker. Buyer and Buyer's Agent are responsible for independently verifying all information pertaining to the property. Property is being sold AS IS. All information is deemed reliable but is not guaranteed and should be independently verified
In South Florida, an agent said first-time buyers have more room to negotiate than in 2021 or 2022 because the market is more balanced.
During the pandemic rush, buyers waived inspections and shortened timelines. In South Florida's current market, they can seek credits, closing-cost help, repairs, or rate buydowns.
Buyers also have more time to think, compare properties, run the numbers, and negotiate instead of immediately facing 15 competing offers on the first weekend.
Well-priced, high-quality homes in South Florida are still moving quickly, but listings sitting longer, overpriced, or needing work give buyers significantly more leverage.
Buying still isn't easy: current 30-yr mortgage rates are near 7%, but less competition can give prepared South Florida buyers a calmer path into homeownership.
Miami continues attracting affluent and international buyers, particularly in desirable coastal and luxury neighborhoods.
The biggest opportunity may be properties where sellers have already absorbed some of the market’s higher ownership costs.
Condos require more scrutiny as buyers weigh HOA fees, insurance, reserves, and upcoming building expenses.
Single-family properties can offer a different risk profile for buyers willing to pay a premium for stronger demand.
Miami homes sold for ~5% below asking price on avg., placing the city among the biggest discount markets and giving buyers more room to negotiate.
Across the top 50 US housing markets, homes sold below asking in 38 markets, showing Miami's pricing trend fit a broader shift favoring buyers.
Miami posted the largest avg. discount among the biggest markdown markets listed, with homes trading at a deeper cut than other highlighted cities.
That discount also ran above the broader Southern pattern, where buyers typically paid ~2% to ~3% below asking, underscoring Miami's stronger buyer leverage.
The broader takeaway for Miami: current conditions aligned with a buyers' market, where purchasers had more negotiating power than sellers on final price.
For buyers watching Miami, the key trend was clear: sellers often accepted less than list, creating openings to negotiate rather than bid above ask.
