To put that into perspective, South Florida sold nearly one $10M+ property per day in 2025, more than double the pace seen just five years ago. This momentum highlights a market that has matured beyond a temporary boom and is now driven by long-term fundamentals.
Why Ultra-Luxury Demand Keeps Growing
The surge in high-end sales reflects a broader wealth migration into South Florida, fueled by more than tax benefits alone. Miami continues to attract high-net-worth individuals due to its growing FinTech presence, global connectivity, lifestyle, climate, and expanding business ecosystem.
Population growth remains strong, with Florida gaining new taxpayers every few minutes, while states like California continue to see outflows. Job growth in the Miami metro area has also outpaced national averages, reinforcing demand across residential price points.
A Market Supported by Strong Fundamentals
Beyond luxury homes, overall Miami-Dade sales increased year-over-year, including single-family homes and condominiums. Sales of properties priced above $1 million also rose, showing strength across the upper tiers of the market.
While inventory remains below pre-pandemic levels, the market is becoming more balanced. Single-family homes currently reflect a healthier supply level, while condominiums are offering more negotiating room for buyers—particularly as financing challenges impact older buildings.
Long-Term Appreciation Still Leads the Nation
Over the past decade, Miami real estate has delivered exceptional appreciation. Condo prices have more than doubled, while single-family home prices have increased by nearly 145%. Even with slight short-term price adjustments in late 2025, long-term growth remains among the strongest in the U.S.
Home equity gains in Miami are nearly twice the national average, reinforcing real estate’s role as a powerful wealth-building tool for owners and investors alike.
Looking Ahead to 2026
With mortgage rates trending downward, rising multifamily development, and state initiatives like Florida’s Live Local Act encouraging new housing supply, South Florida is positioned for continued growth in 2026. Demand remains strong from domestic and international buyers, many of whom continue to purchase with cash.
Miami’s real estate market is no longer defined by short-term cycles—it’s being shaped by population growth, capital inflows, and long-term confidence in the region’s future.
