July marked the 11th straight month of sales growth in the Miami-Dade housing market—a trend I’ve been following closely in both residential and investment circles. Home sales climbed 8.6% overall, with single-family transactions up 5.6% and condo sales showing even stronger momentum at 11.4%. For buyers and sellers alike, it’s important to note that single-family inventory tightened sharply by 22.8%, and condos by 11.8%, shaping the landscape for negotiations and value. Median single-family home prices edged up to $685K (a 3.8% increase), while the median condo price dipped slightly by 1.5% to $400K. These shifts reflect the nuanced dynamics I navigate daily for clients—whether securing a home that fits your needs or maximizing returns on your next move.
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