As 2025 came to a close, the average rate on 30-year fixed home loans decreased to 6.18% for the week ending Dec. 24. Rates averaged 6.85% during the same period in 2024.<\/p>\n
Overall, the Miami-Dade condo market has seen existing-unit sales down 3.78% (from 794 to 764) from November 2024.<\/p>\n
But, sales of units priced between $200,000 and $400,000 were up an astonishing 21% (from 135 to 165) compared to November 2023, according to statistics released by the Miami Association of Realtors<\/a> and the Miami Southeast Florida Multiple Listing Service<\/a>.<\/p>\n Luxury condos \u2014 $1 million-plus transactions \u2014 increased 13.2% year over year in November 2025, from 272 to 308. However, the increase in sales hasn’t been as much as condos priced between $200,000 and $400,000.<\/p>\n As far as the price structure, Miami condo prices have risen 94.6% from November 2015 to Novemeber 2025, from $203,000 to $395,000, according to Miami Realtors<\/a>.<\/p>\n And, that report noted, that while Miami existing condo median prices decreased 9.48% year-over-year in November 2025, from $436,354 to $395,000, the price appreciation remains among the highest in the nation.<\/p>\n What\u2019s happening with condo sales in Key Biscayne right now?<\/p>\n Cristianl \/ Getty Images Signature via Canva<\/p>\n Key Biscayne also had its share of condos available in December, according to Key Biscayne Homes’ market report<\/a>.<\/p>\n There were 102 condo units on the market at an average listing price of $2,406,325 ($1,294 per square foot) and 126 condos for rent with an average listing price of $9.826 ($6 per square foot).<\/p>\n Over the past 12 months, the 148 condos sold came in at an average purchase price of $1,826,519 ($1,051 per square foot) with an average of 98 days on the market.<\/p>\n<\/p>\n