The Miami condo real estate market 2025 reflects a period of adjustment rather than explosive growth. While luxury sales over $1 million have significantly increased compared to pre-pandemic levels, overall condo activity has slowed slightly year-over-year. This shift highlights a more segmented condominium market in Miami, where high-end cash buyers remain active and affordable units continue to attract demand, despite financing challenges and tighter inventory.
Highlights:
- $1M+ Condo Sales Soared
→ Up 88% in April 2025 compared to April 2019
→ From 95 to 179 closed sales in this price range
→ Strong indicator of luxury buyer confidence and cash movement - $200K–$250K Condos Also Gained Ground
→ Sales rose 2% year-over-year
→ Affordable condos remain in demand despite higher interest rates - Condo Prices Have Risen 124% in 10 Years
→ From $199,000 in 2015 to $445,000 in 2025
→ Miami’s appreciation continues to outperform national trends - Cash is King
→ Over 51% of condo purchases were made in cash
→ Especially common in luxury deals and with international buyers - Inventory Still Tight
→ Total Miami-Dade inventory remains 18.4% below pre-pandemic levels
→ Lack of inventory is keeping prices stable in many sectors
💬 What This Means for You
Whether you’re a buyer looking for value, a seller considering your next move, or an investor watching the trends, now is the time to act strategically.
💬 Ready to Take the Next Step?
📲 If you’re wondering how this market update impacts your property plans, I’d love to help.
✅ Contact me today for a personalized consultation.
Let’s make your next move a smart one!
📌 Reference Note:
This article is based on official data from the MIAMI Association of REALTORS®.
🔗 $1M & Up Miami-Dade Condo Sales Rise vs. Pre-Pandemic
