Home sales increased across Miami-Dade and Broward counties in June, with both markets posting gains in single-family, condominium and luxury transactions despite elevated mortgage rates and persistent financing challenges.
Miami-Dade recorded 2,107 existing-home sales during the month, a 14.3% increase from June 2025 and the county’s 10th consecutive month of year-over-year growth. Single-family sales rose 16.8% to 1,049, while condominium transactions increased 12% to 1,058.
The rebound was even more pronounced in Broward, where total sales increased 21.1% to 2,347. The county recorded a 26% increase in single-family transactions and a 15.5% rise in condo sales, suggesting the improvement extended across both major segments of the market, though demand was particularly strong at the upper end as Miami-Dade recorded 483 sales of homes priced at $1 million or more, up 29.1% from the previous year, while Broward’s luxury transactions climbed 35% to 328.
The increase in activity did not translate into uniform price gains, however. Median single-family prices rose in both counties, reaching $695,000 in Miami-Dade and $645,000 in Broward. Condo prices moved in the opposite direction, declining to $431,000 in Miami-Dade and $265,000 in Broward.
Those differences reflect a market that continues to favor single-family sellers while offering condo buyers greater flexibility. Miami-Dade had 4.9 months of single-family supply, and Broward had 4.3 months, both below the level generally associated with a balanced market. Condo supply stood at 12.3 months in Miami-Dade and 10.1 months in Broward, giving buyers more choices and negotiating leverage.
Even so, the number of available homes continued to shrink. Miami-Dade inventory fell 14.9% to 15,930 listings, while Broward’s supply declined 19.5% to 14,153. Broward recorded particularly steep reductions in both single-family and condo inventory.
Financing remains one of the biggest obstacles for the condo market. Only 21 of the 2,397 condominium buildings across Miami-Dade, Broward and Palm Beach counties are approved for Federal Housing Administration loans, leaving many buyers unable to use FHA-backed mortgages.
Homes also generally took longer to sell than they did a year earlier, particularly in Miami-Dade. Single-family properties there spent a median of 52 days on the market before securing a contract, while condos took 85 days. Broward homes moved more quickly, with median marketing times of 38 days for single-family properties and 71 days for condos.
Despite those challenges, the rise in transactions pushed residential dollar volume to $2.4 billion in Miami-Dade and $1.6 billion in Broward. Cash buyers remained a major force, accounting for 38.1% of Miami-Dade sales and 37.1% of Broward transactions, well above the national rate of about 25%.