Miami-Dade County home sales continued to rise in January as the market kept its momentum going for the fifth month in a row, according to the MIAMI Association of REALTORS® and the MIAMI Southeast Florida Multiple Listing Service.
Total home sales rose 1.2% year over year from 1,764 to 1,869 transactions, single-family home sales rose 2.8% year over year from 643 to 661, and total transactions over $1 million surged 21% from 164 to 199.
The pace of $1 million-plus condo sales jumped 21% year-over-year, rising from 103 to 125. Affordable condos, defined as priced between $500,000 to $600,000, increased from 67 to 68. Overall, however, Miami existing-condo sales declined for the first time in four months, slipping 0.1% year-over-year from 733 to 732.
“Miami is where the world wants to be,” MIAMI Chairman Alfredo Pujol said. “Miami is the preferred home for billionaires. Miami’s Billionaire Bunker, an ultra-exclusive private island, is now home to Meta CEO Mark Zuckerberg, Amazon founder Jeff Bezos, financier Carl Icahn, NFL great Tom Brady and more, and that’s only one of our many incredible communities.”
In terms of pricing, the median Miami-Dade single-family home sale price increased 3.7%, from $675,000 to $699,990. Miami condo prices increased from $415,000 to $420,000.
“Bolstered by falling mortgage rates in late 2025 and vigorous demand from high-end buyers, Southeast Florida’s housing market started off strongly in 2026,” MIAMI REALTORS® Chief Economist Gay Cororaton said. “Momentum is likely to strengthen in the months ahead as mortgage rates fall further and as wealth migration from New York and California accelerate due to potential tax policy changes.”