MIAMI — Home sales across Miami-Dade rose for an 11th straight month, setting the market on track to post its highest annual transaction total since 2024, according to July 2026 statistics released by MIAMI REALTORS + RWorld, the MIAMI MLS and BeachesMLS.
Total home sales increased 8.6% year over year to 1,935 transactions in July 2026, from 1,782 in the same month a year earlier. Single-family transactions rose 5.6% to 909, while condominium sales increased 11.4% to 1,026.
Sales at $1 million and above rose 15.5% year over year, climbing to 394 from 341. Condo sales in the $400,000 to $500,000 range surged 12.6% year over year.
“The long-term data really reinforces what we’re seeing on the ground: Miami and South Florida continue to be incredibly attractive places to live, work, and invest,” MIAMI REALTORS + RWorld Chairman of the Board Alfredo Pujol said. “From CEOs choosing to relocate here to the nation’s top ultra-luxury market, we’re seeing momentum across all segments. Well-managed condo buildings with strong reserves are performing particularly well, and that’s another sign of the strength of this market.”
The report said the statistics do not include South Florida new construction, pre-construction and condo conversion sales because they are largely not reported in the MLS.
Miami existing condo sales have risen year over year in nine of the last 11 months. The report said the lack of Federal Housing Administration loans for many existing condo buildings is limiting additional strengthening. It cited U.S. Department of Housing and Urban Development data showing only 21 of 2,397 condominium buildings in Miami-Dade, Broward and Palm Beach counties are approved for FHA loans. It said that represents 0.9% of condo buildings in the region.
The report also cited changes announced by Fannie Mae and Freddie Mac that eliminated a limited review option for many condo loans on Aug. 3, 2026.
On prices, Miami condo median prices were $400,000 in July 2026, down 1.48% year over year from $406,000, the report said. It said condo inventory is declining year over year, a factor expected to support prices.
Miami-Dade single-family median sale prices rose 3.79% year over year to $685,000 in July 2026, up from $660,000.
Inventory in Miami-Dade fell for the sixth consecutive month. The report said total active listings decreased 15.1% year over year to 15,599 by the end of July 2026, down from 18,377 in the same period a year earlier. It said single-family inventory declined 22.82% year over year to 4,275 listings.
Condo inventory declined 11.79% year over year to 11,324 listings, the report said. It also said months of supply were 4.8 for single-family homes and 12 months for existing condominiums, indicating a seller’s market for single-family and a buyer’s market for condos. A balanced market was described as having six to nine months of supply.
The report said distressed sales remain near historic lows, with 0.2% of closed residential sales classified as distressed in July 2026, including REO and short sales. It said short sales accounted for 0.4% and REOs for 0.1%.
Nationally, total existing home sales increased 0.7% year over year to a seasonally adjusted annual rate of 4.06 million, according to the report, citing the National Association of Realtors.
The report also cited mortgage-rate data from Freddie Mac, saying the 30-year fixed-rate mortgage was 6.54% in July 2026.
To access the July 2026 Miami-Dade statistical reports, visit http://www.SFMarketIntel.com.