Market Report
Miami Luxury Real Estate Market Overview
Prices, inventory, days on market and buyer trends in Miami's $5M+ market. A buyer's-side read on where the leverage is, refreshed quarterly.
A plain-English, buyer-side read on the Miami luxury market — refreshed every quarter as the numbers move.
Figures below are approximate, as of early 2026, and provided for editorial context — not a formal appraisal.
Where things stand (early 2026)
The luxury median is near $4.85M. After the 2021–2023 frenzy, inventory has risen and well-priced homes take roughly 90–105 days to sell. Cash is 40%+ of luxury transactions, and international buyers are around 34% of the high end, led by Colombia, Brazil, Argentina and Mexico. In the $3M–$10M band, negotiation has returned — the clearest buyer's opportunity in years. Single-family prices are projected to rise modestly, on the order of +2.8% in 2026.
What it means if you're buying
More selection and more leverage — but a more selective market, where good homes still move fast and mispriced ones sit. Preparation wins: know the comps, line up your funds, and have an advocate ready to move decisively.
A quarterly read
We refresh this overview every quarter as conditions change. For the full buyer's playbook — pricing strategy, neighborhood intelligence, and the complete $5M+ relocation checklist — download the free Miami Luxury Buyer's Guide.
Put the numbers to work. Start with the complete Miami buyer's guide, then book a consultation — in English or Spanish.
Frequently asked questions
- Is the Miami luxury market up or down in 2026?
- Demand is strong and prices are modestly higher year over year, but the market has rebalanced toward buyers — with more inventory and renewed negotiation in the $3M–$10M range.
- How long do luxury homes take to sell in Miami?
- Roughly 90–105 days for well-priced homes as of early 2026; overpriced listings sit considerably longer.
