Miami-Dade County recorded its strongest real estate sales month of 2025 in September, with total home transactions, dollar volume and luxury sales all rising compared with the same month last year, according to new data from the MIAMI Association of Realtors and the Southeast Florida Multiple Listing Service.
Total home sales in Miami-Dade climbed 5% year-over-year, led by a 7% increase in single-family transactions and a 2% uptick in condominium sales. Total dollar volume grew 11%, while sales of properties priced at $1 million and above surged 20% from a year earlier.
“There is a lot of pent-up demand for Miami real estate and declining mortgage rates are convincing more buyers to come off the sidelines,” said MIAMI Chairman of the Board Eddie Blanco. “New listings for condos have declined for five consecutive months and active listings aren’t growing as fast as they were earlier in the year. We know lower supply puts upward pressure on prices.”
The association said the overall increase in sales was supported by improving mortgage conditions and strong buyer confidence, particularly in the luxury segment. Wealth migration from higher-tax states and solid financial market performance have continued to drive high-end activity in South Florida.
Transactions above $1 million rose nearly 20% in September, with the region projected to close about 426 sales above $10 million by year-end—just below the record 444 ultra-luxury deals set in 2021 during the pandemic housing boom.
Miami’s market fundamentals also remain strong nationally. The city ranked No. 1 in the U.S. for all-cash sales in the first half of 2025, with 43% of all real estate transactions conducted without financing, according to Realtor.com. It also ranked third nationwide in skilled job growth, based on Lightcast’s 2025 Talent Attraction Scorecard, and 26th globally among financial centers, according to the Global Financial Centres Index.
The data excludes pre-construction and new development sales, which are largely unreported in the MLS. MIAMI officials said they are preparing a first-ever report on new construction activity to capture that share of the market.
