Miami-Dade posted its strongest June in three years as total home sales rose year over year for the 10th consecutive month, according to June 2026 statistics released by MIAMI REALTORS + RWorld, the MIAMI MLS, and BeachesMLS.
Total home sales increased 14.3% year-over-year to 2,107 transactions in June 2026 — Miami’s best June since 2023. Single-family home transactions rose 16.8%, while condominium sales increased 11.9%. Total $1 million and above sales climbed 29.1%. Condo sales in the $300,000 to $600,000 price range surged 8.7% year-over-year.
“Cash buyers, wealth migration and robust global demand continue to fuel Miami real estate,” MIAMI REALTORS + RWorld Chairman of the Board Alfredo Pujol said. “We saw that this month as Miami welcomed fans from around the globe for the FIFA World Cup. Visitors got a firsthand look at how we host world-class events and why so many CEOs and companies are relocating here. The Miami lifestyle is like no other.”
Total Sales Rise
Total Miami-Dade sales increased year-over-year in June, from 1,843 to 2,107. Total $1 million and up home sales increased from 374 to 483.
Miami single-family home sales increased in June , from 898 to 1,049. Miami existing condo sales increased from 945 to 1,058. Miami condo sales have risen year-over-year in eight of the last 10 months.
Miami condo prices decreased 3.15% year-over-year in June 2026, from $445,000 to $431,000. Condo inventory is declining year-over-year, which will put upward pressure on prices.
Miami-Dade County single-family home median sale prices increased 3.73% year-over-year in June 2026, from $670,000 to $695,000. Miami single-family median prices have risen in 172 of the last 175 months (14+ years).
Elevated M ortgage Rate s
Mortgage rates are trending up because of rising energy prices, inflation, and geopolitical events. According to Freddie Mac, the 30-year fixed-rate mortgage was 6.49% in June.
“While sales broadly rose across price tiers, the million-dollar segment continued to outperform, with June sales up 40% from one year ago, a clear indication of the acceleration in wealth migration to South Florida,” MIAMI REALTORS + RWorld Chief Economist Gay Cororaton said.
Total Inventory Declines
Total active listings at the end of June decreased 14.9% year-over-year, from 18,715 to 15,930. Decreasing supply means more buyer competition and upward price pressure.
Inventory of single-family homes decreased 22.74% year-over-year in June, from 5,669 active listings last year to 4,380 last month.
Condo inventory declined for the fifth consecutive month, the first five decreases since July 2023. Condominium inventory decreased 11.47% year-over-year in June 2026, from 13,046 to 11,550 listings during the same period in 2025, but the total is still significantly below pre-pandemic.
Months’ supply of inventory for single-family homes is 4.9 months, which indicates a seller’s market. Inventory for existing condominiums is 12.3 months, which indicates a buyer’s market. A balanced market between buyers and sellers offers between six- and nine-months supply.
Nationally, total housing inventory is 1.65 million units, according to NAR. That is up 1.3% from June 2025. There is 4.6-month supply of unsold inventory, unchanged from one year ago.
Distressed Sales Remain at Historic Low s
Only 0.5% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales. In 2009, distressed sales comprised 70% of Miami sales.
Short sales and REOs accounted for 0.1% and 0.3%, respectively, of total Miami sales in June.
State and N ational Sales
In Florida, closed sales of single-family homes statewide totaled 26,036 in June, up 9.3% year-over-year, while existing condo-townhouse sales totaled 8,900, up 14%.
The statewide median sales price for single-family existing homes was $432,000, up 4.9% year-over-year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations.
Last month’s statewide median price for condo-townhouse units was $305,000, up 1.7% vs. last year. The median is the midpoint; half the homes sold for more, half for less.
Nationally, total existing home sales increased 2.8% year-over-year to a seasonally adjusted annual rate of 4.09 million, according to NAR. Median existing home prices increased to $440,600, up 1.8% from one year ago ($432,700) — the 36th consecutive month of year-over-year price increases.
Real Estate Attracting Near List Price
The median percent of original list price received for single-family homes was 95% in June. The median percent of original list price received for existing condominiums was 94%.
The median number of days between listing and contract dates for Miami single-family home sales was 52 days, up from 42 days last year. The median time to sale for single-family homes was 94 days, up from 85 days last year.
The median number of days between the listing date and contract date for condos was 85 days, up from 68 days. The median number of days to sale for condos was 124 days, up from 107 days.
Cash Sales More than National Figure
Cash sales represented 38.1% of Miami closed sales in June, compared to 37.8% in June 2025. About 25% of U.S. home sales are made in cash, according to the latest NAR statistics.
Cash buyers are not deterred by rising rates. The high percentage of cash buyers reflects Miami’s top position as the preeminent American real estate market for foreign buyers, who tend to purchase with all cash as well as some moving from more expensive U.S. markets who can buy more with their profits from real estate sales.
Cash sales accounted for 48.5% of all Miami existing condo sales and 27.6% of single-family transactions.
To access June 2026 Miami-Dade Statistical Reports, visit http://www.SFMarketIntel.com.