Miami’s Housing Market Starts 2026 Strong
Miami’s housing market started 2026 on a positive note, demonstrating steady growth in total home sales. There was a record of 1,869 total home sales in January, a 1.2% increase year-over-year. This growth signals continued demand despite higher mortgage rates Single-family home sales also increased, reaching 661 transactions, which represents a 2.8% rise compared to last year. The consistent growth highlights strong buyer confidence in the local market. Miami continues to attract buyers due to its strong economy, international appeal, and lifestyle advantages. Migration from other U.S. states and global buyers continues to fuel demand. Overall, the data shows that Miami remains one of the most active and resilient real estate markets in the country.
Luxury Homes Are Driving Market Growth
One of the biggest drivers of Miami’s housing activity is the luxury market. Homes priced above $1 million saw significant year-over-year growth in January. This highlights strong demand among high-income buyers and investors. Single-family homes priced at $1M+ increased by more than 21%, rising from 164 to 199 sales. The luxury condo market also saw similar growth during the same period. Condominium sales above $1 million increased over 21%, rising from 103 to 125 transactions. These numbers show that affluent buyers remain highly active in the market.
Condo Market Remains Stable
While luxury sales surged, Miami’s overall condominium market remained relatively steady. The market s recorded 732 condo transactions in January, showing consistent demand for this property type. Condos remain one of the most accessible options for buyers entering the Miami market. Mid-range price segments continue to see steady activity. For example, condos priced between $500K and $600K experienced a modest increase in sales. Condos remain attractive to first-time buyers, investors, and those seeking more affordable housing options.
International Buyers Keep Miami in Demand
Global buyers continue to play a major role in Miami’s real estate market. International buyers purchased 49% of new construction and pre-construction properties in South Florida over an 18-month period. These buyers came from 73 different countries, highlighting Miami’s global reach. Many international investors view Miami real estate as a safe and stable long-term investment. With continued migration and global investment, Miami’s housing market is expected to remain strong throughout 2026.
