Miami-Dade Real Estate Market Update: August 2026

Miami-Dade Real Estate Market Update: August 2026

Miami-Dade’s August market data tells a more nuanced story than any single headline.

Average sale prices declined year over year for both single-family homes and condos, while closed sales fell 10.7%. Yet pending sales were essentially flat, and active listings remained 14.6% below last August.

A few figures stand out:

• Average single-family sale price: $1,278,000 (−11.3% YoY)
• Average condo sale price: $739,000 (−1.9% YoY)
• Sold listings: 1,704 (−10.7% YoY)
• Pending listings: 1,959 (+0.3% YoY)
• Days on market: 81 (unchanged YoY)
• List-to-sale price ratio: 92% (+3.4% YoY)

The practical takeaway: buyers are active, but pricing still needs to reflect the competition. Countywide averages also don’t tell the full story for a specific neighborhood, building, or property type.

If you are considering a sale or purchase in Miami-Dade, I would be happy to put these numbers in the context of the market that matters to you.

Christel Renaud
Real Estate Advisor | Compass
786-512-4202
[email protected]