Miami's Housing Numbers Are Hiding Something

Every major Florida market is sitting on more inventory than before the pandemic except Miami. On paper, it looks like the one healthy pocket left in the state: single-family listings down 29% YoY, prices up 3.3%, sales rising for eight straight months. But split the data by property type and the story flips. Miami-Dade single-family homes are at 5.4 months of supply (seller's market). Condos in the same county are sitting at 12-13 months (deep buyer's territory) and it's not a coincidence. It's the post-Surfside condo law, and the Dec 31 assessment deadline could be about to make it a lot worse. Sources: ICE Mortgage Monitor, July 2026: https://mortgagetech.ice.com/publicdocs/mortgage/IMT-ICE-Mortgage_Monitor_July_2026_veqzjsolr.pdf MIAMI REALTORS® Monthly Statistics: https://www.miamirealtors.com MIAMI REALTORS® 2025 Profile of International Home Buyers: https://www.miamirealtors.com/2026/01/27/miami-is-1-u-s-market-for-foreign-home-buyers-new-miami-realtors-international-report-released-today/ Realtor.com 2026 Housing Forecast: https://www.prnewswire.com/news-releases/us-luxury-housing-diverges-sharply-across-local-markets-302669178.html Zillow Research (ZHVI data): https://www.zillow.com/research/data/ #Miami #FloridaRealEstate #HousingMarket #RealEstateInvesting #CondoMarket