#United States #Real Estate #sales growth #Miami-Dade

Miami-Dade County Real Estate Sales Surged in September 2025

September 2025 has marked a milestone for Miami-Dade County, showcasing an impressive performance in real estate sales. The region witnessed its best sales month of the year, with significant year-over-year increases observed in total homes, single-family, and condominium transactions. The statistics shared by the MIAMI Association of Realtors underline the growing interest and investment in Miami's real estate market.

Key Statistics and Trends

In comparison to the same period last year, total home sales in Miami-Dade County climbed by 5%, while single-family transactions rose by 7% and condominium sales saw a 2% increase. Furthermore, total dollar volume relating to these sales increased by 11%, and transactions involving properties priced at $1 Million or above surged by 20%.

The chairman of the MIAMI Association, Eddie Blanco, pointed out that "there is a lot of pent-up demand" for properties in Miami, influenced by declining mortgage rates that are encouraging more buyers to enter the market. He also noted a notable decline in new listings for condos, which has persisted for five consecutive months, thereby applying upward pressure on existing prices due to reduced supply.

Miami’s Financial Landscape

Miami is continuing to solidify its rank as a key player in the real estate market, being positioned first in the United States for all-cash home sales throughout the first half of 2025 according to Realtor.com. The all-cash transactions account for a striking 43% of all dealt properties in the area. This robust cash market often proves resilient against economic downturns and fluctuating mortgage rates.

Additionally, Miami-Fort Lauderdale-West Palm Beach has been recognized for its skilled job growth, ranking third in the U.S. for such metrics in 2025. The Miami region also holds position number 26 on the Global Financial Centres Index as an important financial hub.

Wealth Migration and High-End Sales

The data reveals a notable increase in both total sales and transactions exceeding $1 Million, highlighting the trend of wealth migration towards South Florida. Specifically, sales of high-end properties surged by nearly 20% from September the previous year. Analysts credit the bullishness of Wall Street, coupled with favorable federal tax policies and Florida's appealing tax environment, for this increase in ultra-luxury home purchases.

South Florida is on track to achieve significant milestones, projecting a total of 426 sales of homes priced at $10 Million and above by the end of the year, approaching the previous record of 444 set during the 2021 pandemic boom. However, it’s worth noting that new constructions and certain condo conversions are not fully represented in these figures, though the MIAMI Association is actively working to keep accurate records.

Rise in Condo Sales

September 2025 saw existing condo transactions grow by 2.38%, with a noticeable spike in the sale of affordable condos valued at $250,000 or below, which increased by 30.3% year-over-year. On the other hand, transactions for condos priced above $1 Million also showed robust growth, reaching a 12.71% increase.

However, a limitation exists due to the lack of Federal Housing Administration (FHA) loans for many existing Miami condominium buildings, impacting further market stability. Among the 2,397 condo buildings in the region, only a mere 21 qualify for FHA loans, creating a significant bottleneck in financing options for potential buyers.

Home Price Trends

Reflecting the overall growth trajectory, condo prices in Miami-Dade have appreciated by 110% over the last decade, highlighting the market's sustained robustness. As of September 2025, the median price for existing condos stands firm at $420,000, maintaining a stable price line for 162 out of the last 172 months.

Similarly, the median sale price for single-family homes continues to rise, showing a 1.8% increase year-over-year to reach $665,000. The analysis of price changes reveals a remarkable 150% boost since September 2015 when the median was around $285,000. This consistent uptick positions Miami as an attractive option compared to other global cities, where buyers can purchase significantly more property for the same amount.

Economic Impact of Real Estate Sales

In terms of economic influence, every home sale generates substantial local impact, contributing greatly to the region's economy through investments in related sectors such as moving costs and furnishings. For instance, the economic contribution from residential sales alone reached an astounding $229 million in September 2025 with total sales logged at 1,769 for the month.

With a dollar volume boost of over 11%, tagged at $1.6 billion, Miami's single-family home dollar volume increased by 7.18%, underscoring the healthy interactions in the broader market ecosystem, while condo sales saw an 18.07% increase.

Distressed Sales and Market Health

Remarkably, the percentage of distressed sales in Miami remains at an all-time low of 1.9%, which is indicative of a healthier market when compared to the economic uncertainty seen in previous years. This trend reflects confidence and stability in the Miami-Dade real estate environment as buyers and sellers navigate the market potential.

In conclusion, Miami-Dade County's real estate market in September 2025 has demonstrated significant growth and resilience, establishing itself as an attractive destination for investors and buyers alike, driven by favorable economic conditions and decreasing mortgage rates. As we look forward, the landscape continues to evolve, poised for promising opportunities.