Miami-Dade County Single-Family Homes Market Update – July 2026

Miami-Dade County Single-Family Homes Real Estate Statistics – July 2026

Miami-Dade County’s single-family home market remained strong in July, with home prices and closed sales both increasing while the supply of available properties continued to shrink. However, pending sales dipped slightly and homes took marginally longer to sell, suggesting buyers remain active but selective.

The biggest story continues to be inventory: Miami-Dade had 23% fewer single-family homes available than a year ago, while months of supply fell 27%. With fewer new listings also entering the market, limited supply remains a defining feature of the county’s housing market.

Let’s take a closer look.

Market Breakdown – July 2026 vs. July 2025

Median Sale Price: $685,000

📈 Up 4% year-over-year

The median sale price climbed to $685,000, representing steady appreciation compared with last July.

Despite affordability challenges, Miami-Dade’s limited supply of single-family homes continues to provide support for property values.

Closed Sales: 909 homes

📈 Up 6% year-over-year

More single-family homes changed hands than during July 2025, demonstrating continued buyer activity despite higher prices and fewer properties being available.

The combination of rising prices and increasing completed sales provides an encouraging indication of underlying demand.

Active Inventory: 4,275 homes

🔻 Down 23% year-over-year

There were nearly one-quarter fewer single-family homes available for sale than a year ago.

This substantial reduction in inventory gives buyers fewer options and creates a more competitive environment for desirable, appropriately priced homes.

Pending Sales: 916 contracts

🔻 Down 3% year-over-year

Pending sales softened slightly compared with last July.

While the decline is modest, it provides an important counterpoint to the increase in completed sales and will be worth watching as an indicator of future transaction activity.

Months of Inventory: 4.8 months

🔻 Down 27% year-over-year

The supply of single-family homes has tightened considerably.

At 4.8 months of inventory, Miami-Dade is below the level traditionally associated with a balanced market, although conditions can vary substantially by neighborhood and price range.

Days on Market: 45 days

📈 Up 2% year-over-year

Homes took slightly longer to sell than they did last July, although the difference is minimal.

This suggests buyers remain willing to purchase but aren’t necessarily rushing into every available property. Pricing, condition, location, and overall value continue to matter.

New Listings: 1,203 homes

🔻 Down 14% year-over-year

The decline in new listings is particularly significant.

With 14% fewer single-family homes entering the market and overall inventory already down 23%, there is limited new supply available to replenish the homes being purchased.

What This Means for You

Buyers

Miami-Dade’s single-family market remains competitive, particularly in desirable neighborhoods where available inventory is limited.

However, buyers shouldn’t interpret lower inventory as meaning every property requires an aggressive offer. Pending sales are slightly lower and selling times haven’t accelerated, suggesting buyers are still evaluating value carefully.

Understanding recent comparable sales within the specific neighborhood and price range you’re considering remains essential.

Sellers

July’s statistics provide a favorable backdrop for sellers.

Prices are higher, completed sales have increased, and inventory is down substantially. In addition, 14% fewer new listings are entering the market, reducing competition from other sellers.

Accurate pricing remains important, particularly as buyers continue to demonstrate selectivity.

Investors

Miami-Dade continues to offer strong long-term appeal for residential real estate investors, supported by constrained housing supply and continued buyer demand.

Individual investment economics remain crucial, however. Purchase price, financing, taxes, insurance, maintenance, realistic rental income, and local rental regulations should all be considered when evaluating a property.

Final Thoughts

July’s statistics show a Miami-Dade single-family housing market that remains strong but increasingly defined by limited supply.

The median sale price increased 4% and closed sales rose 6%, while active inventory declined 23%. Months of inventory also fell 27% to just 4.8 months.

Perhaps most importantly for future supply, new listings dropped by a substantial 14%. If fewer properties continue to enter the market, buyers may face an increasingly limited selection in the months ahead.

At the same time, pending sales declined 3% and days on market edged higher, reminding sellers that buyers remain selective even when inventory is tight.

As we move through the second half of 2026, the balance between shrinking supply and buyer demand will be the key trend to watch in Miami-Dade County’s single-family home market.

Back to Palm Beach Blog