If you own a home in Miami-Dade and are looking to sell, now may be a good time.

A March report from the Miami Association of Realtors said it’s a seller’s market, with sales of condos and homes continuing to rise for the seventh month in a row.

In March, those total sales have increased 6.6% since last year.

Lots of them are homes valued at $1million or more.

In just a year, sales of single-family homes over $1 million dollars increased 19.83% according to the study.

“We’re seeing people from New York, other parts of the country, even international buyers coming over here,” said Bryan Gorrita, a commercial broker.

And those people are paying cash.

The report states that 82% of condo sales that were $1 million and up were all-cash in 2025.

But what about the average Miami-Dade homeowner?

“Owners have a lot of equity,” explains Gorrita. “There’s not a lot of urgency to sell or drop their prices as much. So those that are putting their homes on the market they’re trying to see if they can still get the prices that they want. And if they’re not able to sell it, well, then they’ll just pull it off the market or rent it or just sit on the property until there’s a better opportunity.”

That is actually part of why we have seen the total inventory of homes and condos go down for the second month in a row.

The report states that total active listings at the end of March decreased by 7.9% compared to the same time the previous year.

However, the prices of what you are buying have gone up.

According to the Miami Realtors Association data, the average price of a single-family home in Miami-Dade County now sits at roughly $674,000.

The sales prices and increasing mortgage rates are having a ripple effect.

“Those payments are pretty tough for most of the average buyer out there right now, so we are seeing right now that they are more sensitive and they are preferring to rent instead because it’s more affordable than actually owning,” Gorrita said.

And Gorrita said that because of competition, not from single-family homes, but multi-family units, some rent prices might change.

“They’re actually staying plateauing in certain parts of Miami-Dade,” he said. “We are seeing them dip, downward, but not a drastic decline.”

As for the future of your home in Miami-Dade?

“Single-family homes are still going to be probably the most desirable piece of property here,” Gorrita said. “Especially that we’re seeing that anything out east, all development is going vertical. It’s going up. So single-family homes are going to become more desirable as time goes.”

Gorrita said some other things that may impact transactions and prices are the events happening in the Middle East, economic policies in other states, and CEO’s moving to Miami.

All three bring to Miami-Dade a different economic class of buyers.