Miami Ranked the #1 Buyer’s Market in the United States

Miami just landed at the top of a nationwide ranking of America’s strongest buyer’s markets—an attention-grabbing shift for a city known for fast-moving deals, luxury demand, and competitive pricing. In new Realtor.com research based on months of supply as of October 2025, Miami ranks #1 in the U.S. for buyers, signaling more inventory and more negotiating leverage than many shoppers have seen in years.

What “Months of Supply” Really Means (and Why It Matters in Miami)

Realtor.com’s economists ranked the top markets by months of supply, a metric estimating how long it would take to sell all listed homes (including pending listings) at the current sales pace. Markets with more than six months are considered buyer’s markets because inventory is high relative to demand—giving buyers more leverage.

Miami Takes the Top Spot Nationally: 9.8 Months of Supply

Miami leads the entire list with:

• Median listing price: $500,000
• Months of supply: 9.8

The report also notes that Miami inventory has been increasing for nearly four years, expanding buyer choice and pulling more sellers into the market.

How Miami Compares to Other Major U.S. Buyer’s Markets

Miami isn’t just “strong”—it’s the strongest. Here’s how the top tier stacks up:

• Miami, FL: 9.8 months (Median list: $500,000)
• Austin, TX: 9.5 months (Median list: $462,000)
• Pittsburgh, PA: 8.6 months (Median list: $240,000)
• Orlando, FL: 7.4 months (Median list: $415,500)
• New York, NY: 7.1 months (Median list: $749,939)

Miami’s lead over Austin is narrow, but the headline is clear: Miami is #1 in the nation on this measure.

Why Miami Feels Like a Buyer’s Market Right Now

A Miami agent quoted in the report says buyers are acting differently: taking more time, asking for repairs or credits, and negotiating prices down—especially for properties needing work or located in HOA communities with high fees.

That tracks with what many Miami buyers are experiencing on the ground: less urgency, fewer “must-overbid” scenarios, and more willingness from sellers to deal—particularly when a listing has sat.

Florida Is Overrepresented on the List (and That’s a Big Signal)

Florida accounts for four of the top 10 buyer’s markets:

• Miami (#1) – 9.8 months
• Orlando (#4) – 7.4 months
• Tampa (#6) – 7.0 months
• Jacksonville (tied #8) – 6.5 months

Realtor.com attributes this to growing supply and softening demand as affordability pressures push some buyers to the sidelines, while new construction continues adding inventory.

What Miami Buyers Should Do With This in 2026

If you’re shopping in Miami, this is the kind of market where strategy matters more than speed:

• Target listings with longer days on market (often more flexible sellers)
• Ask for credits/repairs (the report suggests buyers are successfully doing this)
• Be extra HOA-smart (fees can make or break negotiating leverage)
• Negotiate terms, not just price (closing costs, timelines, contingencies)

If you’re considering buying in Miami, now may be one of the most strategic moments in recent years. Explore available listings, compare neighborhoods, and start your search today at MiamiCondoInvestments.com.