![\"Single-family](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/05\/IMG_GettyImages-22281179_2_1_6PQJKLRS_L903446947.JPG\" "\\"Single-family")
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Single-family home and condo sales rose in Miami-Dade last month compared to the previous April, the eighth straight month home sales have risen year-over-year.<\/p>\n
Joe Raedle<\/p>\n
Getty Images<\/p>\n
Total home sales were up in Miami-Dade County last month compared to the previous April, the eighth straight month of increased action.<\/p>\n
Sales in Miami-Dade rose by more than 5% year-over-year, with single-family home sales up by more than 8%, and condo sales up by nearly 3%, according to data from the Miami Association of Realtors.<\/p>\n
With sales rising and inventory declining, the county may see prices going up, too.<\/p>\n
When inventory drops, buyers compete for fewer homes, which can drive up prices. Total listings were down about 11% last month compared to the previous April.<\/p>\n
The number of single-family homes available dropped by about 14% year-over-year last month, and the number of condos available dropped by 10%. Condo inventory has dropped year-over-year for the last three months, the first time that\u2019s happened since July 2023. That has led to a 1% year-over-year increase in condo prices, and it could signal a rebound in Miami-Dade\u2019s troubled condo market.<\/p>\n
But it\u2019s still a buyer\u2019s market for condos, with more than a year\u2019s worth of supply available. A buyer\u2019s market means there are more homes on the market than people looking to buy. So, it could be a good time to negotiate for a lower price on a condo.<\/p>\n
The opposite is true on the single-family side, which is in a seller\u2019s market, with five months of supply available.<\/p>\n
In a balanced market, which occurs when the number of homes for sale in a market is about the same as the number of buyers, there is typically about six months worth of inventory available.<\/p>\n
Home sales also up in Broward<\/p>\n
Total home sales increased by more than 4% year-over-year in Broward, with single-family home sales up by about 7% and condo sales up by nearly 2%.<\/p>\n
Sales of luxury properties priced over $5 million saw a dramatic increase of 37% compared to the previous April. For more affordable properties, like condos priced between $300,000 and $400,000, the gains were more modest, with sales rising nearly 3% year-over-year.<\/p>\n
Like in Miami-Dade County, it\u2019s a seller\u2019s market for single-family homes and a buyer\u2019s market for condos. Broward has four months of single-family homes and 11 months of condos on the market.<\/p>\n
Broward County also saw an overall decline in inventory last month compared to the previous April, with total active listings decreasing by 16% year-over-year.<\/p>\n