Miami-Dade Condo Market Sees Strong Year-Over-Year Gains in October

Market Snapshot: October 2025 Shows Momentum in the Condo Sector

According to the latest report from the Miami Association of Realtors (“MIAMI”) and the Southeast Florida Multiple Listing Service (SEFMLS), Miami-Dade County posting a strong second consecutive robust month in October 2025 — and the condo segment was firmly part of that upswing. Existing condo sales in October rose by 6.82%, increasing from 939 units in October 2024 to 1,003 units in October 2025 (up from 904 in September 2025). Meanwhile, the dollar volume of condo sales ticked upward to approximately $654 million, reflecting a year-over-year increase of about 1.3%.

Affordable and Luxury Tiers Lead the Way

The data highlight standout growth at both ends of the pricing spectrum. “Affordable” condo properties (in the $150,000–$199,000 range) surged an impressive 78.8%, rising from 33 units in October 2024 to 59 units in October 2025. On the luxury side, luxury condos priced at $1 million and up increased 7.63%, from 118 units the prior year to 127 units this October. The broad gains reflect that demand remains robust both for value-entry and premium condos in Miami.

Price Dynamics & Inventory: Stability with Opportunity

While unit volume climbed, median sale price for existing condos actually dipped modestly: from $415,000 in October 2024 to $400,000 in October 2025 (a decline of about 3.6%).
This price softness, when paired with rising sales volume, can signal opportunities for savvy buyers. Inventory for condos rose by 15.66% year-over-year (from 10,946 to 12,660 active listings) but remains 17.2% below pre-pandemic levels (October 2019: 15,295 listings). The months-supply of inventory for condos stands at around 13.9 months, suggesting a buyer-market tilt — yet the shorter-term uptick in volume means competition is real in the right segments.

What This Means for Condo Buyers, Sellers & Investors

For Buyers & Investors:

• With condo sales up ~6.8% and inventory rising, you may have more options right now — especially in the value tier and select luxury segments.
• The dip in median price to $400K offers negotiation room for well-priced buildings with strong amenity packages and good HOA/financing structure.
• The dramatic jump in affordable condo sales signals that value-oriented buyers (including investors looking for rental yields) should pay attention now.
• For luxury investors, the $1M+ condo uptick confirms that high-net-worth buyers remain active in Miami-Dade — a good sign for premium-tier product.

For Sellers:

• If you’re holding a condo priced competitively, this market’s momentum works in your favor — especially if your building and location stand out.
• With median prices slightly down, sellers should emphasize strong positioning (amenities, financing, building reserves) to justify premium pricing.
• For units in the $150K-$200K bracket, the surge in sales indicates heightened interest and potential for quick movement — so aggressive marketing now can pay off.

For Developers or Pre-Construction Stakeholders:

• Even though these MLS stats don’t capture most pre-construction or conversion condo sales, the resale data provide directional insight: value entry and luxury both active.
• Product strategies that address the ~$150K-$200K entry level could tap into the surge seen, as could luxury offerings with high finishes in desirable locations.
• As inventory remains below pre-pandemic levels and new listings are not exploding, the long-term backdrop remains supportive for well-positioned condo developments.

Long-Term Context: Why Condos in Miami Remain Compelling

Over the past decade, Miami-Dade condo prices have roughly doubled, moving from ~$200K in October 2015 to ~$400K in October 2025 — about a 100% appreciation. This long-term track record of value growth is a powerful driver for both end-users and investors. Add to that the high proportion of all-cash buyers (which in the condo segment is around 50.8% of existing condo sales in October 2025) — giving the market a buffer against mortgage-rate headwinds.

Final Thoughts: Timing & Takeaways for the Condo Sector

October 2025’s year-over-year gains in unit sales and strong interest in affordable and luxury condo tiers mark a meaningful moment for the Miami-Dade condo market. The slight dip in median price combined with rising inventory provides a potential opportunity window for buyers and investors — yet the rising volumes and premium-tier activity mean that the most compelling deals will be well-positioned properties. For sellers and developers, the message is clear: time to act with precise positioning and marketing, because demand remains very much alive.

If you’re considering buying, selling or investing in a condo in Miami-Dade, now is a smart time to engage. For tailored advice, local building analysis or marketing strategy, reach out to us at [email protected].