According to the Miami Association of Realtors' May 2025 report, Miami-Dade condominiums have posted 14 consecutive years of price appreciation—a rare achievement that underscores the city’s enduring appeal and positions it among the most resilient luxury markets in the world.
This isn’t just a hot streak—it’s a structural shift. Driven by global migration, remote work trends, a thriving business ecosystem, and Miami’s cultural renaissance, the city’s condo market has evolved from a cyclical investment to a long-term wealth preservation strategy.
By the Numbers: A Market in Motion
Let’s break it down:
- Median condo sales price (May 2025): $420,000 — up 7.9% YoY
- Median single-family home price: $640,000 — up 6.7% YoY
- Sales velocity is accelerating: Pending condo sales in Miami-Dade jumped 16.2% year-over-year, a leading indicator of continued momentum into the second half of the year.
Who’s Driving the Demand?
- Domestic migration from high-tax states like New York, California, and Illinois continues to fuel luxury condo demand.
- Foreign investment remains strong—particularly from Latin America and Europe—as international buyers seek stable assets and protect their wealth
- Tech, finance, and creative industries are pouring into Brickell, the Miami River District, and Wynwood, bringing talent, capital, and fresh energy.
Inventory Is Still Tight – And That’s a Good Thing
A key takeaway from the article: inventory is below balanced levels—and that’s helping to sustain price growth.
- Condo inventory is at just 6.6 months of supply, down from 7.7 months year-over-year.
- Single-family homes are at 4 months of supply, well below the 6–9 months considered healthy.
What It Means for the Future
What we’re seeing isn’t a temporary wave—it’s a fundamental repositioning of Miami as a global capital of commerce, culture, and capital. From branded residences and wellness communities to waterfront redevelopments and transit-oriented design, Miami’s real estate market is evolving in real time.
And while the headlines focus on prices, the real story is told in the details—neighborhood by neighborhood, building by building, and lifestyle by lifestyle.
Miami's DNA in Detail: Why It Matters Now
At The APT TEAM, we don’t just sell properties—we interpret the city. Through our Miami’s DNA series, we decode what’s buzzing, what’s selling, and what’s shaping Miami’s next chapter.
The numbers confirm what we see every day: Miami isn’t just appreciating—it’s ascending.
One scene at a time, we’ll show you why.
