Miami, FL housing market: inventory stays high as homes take longer to sell
Miami, FL – February 26, 2026 – Prices are softer year over year, inventory is elevated, and buyers are gaining more leverage across listings.
Miami, FL housing demand continues to cool as more listings sit longer, giving buyers more room to negotiate.
Top takeaways
- Zillow’s typical home value is about $570K, down 2.5% year over year (data through Jan. 31, 2026).
- For-sale inventory was roughly 6,160 homes, with about 939 new listings in January.
- Redfin tracked a $615K median sale price in January 2026 (down 6.4% YoY), with homes selling in about 115 days on average.
What the numbers suggest
Across major trackers, the theme is slower movement and more selection. Zillow shows a median days-to-pending of about 62, which aligns with the broader sense that buyers can take more time compared with prior periods. At the same time, pricing signals are mixed depending on the metric: Zillow’s typical home value is near $570K, while its late-2025 median sale price was near $567K. Meanwhile, Zillow lists a January median list price around $659K.
That spread between list and sale pricing can matter in day-to-day negotiations. When list prices are materially higher than recent sale prices, it can create more opportunities for price reductions or buyer-favorable terms—especially on homes that have been sitting longer. In a market with elevated inventory, longer time-to-contract often increases the range of acceptable outcomes for sellers.
What’s for sale right now
- Zillow’s for-sale search shows about 6,632 active results, reflecting broad condo and single-family selection.
- Recent visible asking prices range from the low-$400Ks for some condos to the high-$800Ks for larger single-family homes (varies widely by neighborhood and condition).
For buyers, the practical takeaway is to watch days on market and compare asking prices to recent sale trends as listings update. For sellers, the current pace underscores the importance of realistic pricing and strong presentation when competing with a deeper set of alternatives.
What are you seeing locally right now: more price cuts, more concessions, or steady demand in specific neighborhoods?