Is Miami, FL a buyer's market or a seller's market?
Miami, FL is a buyer's market right now. There are 15,373 homes for sale, and at the current pace of sales it would take about 7.7 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. Miami, FL sits at 7.7.
There are more homes for sale than buyers. Buyers have the edge. The typical home took 86 days to go under contract, and 9% of sales closed above the asking price.
The number of homes for sale is 20% lower than a year ago. Less to choose from tends to push prices up and shorten the time to sell.
Source: Redfin's published market data for the Miami, FL area, through May 2026.
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More about the Miami, FL market
- When is the best month to sell a house in Miami, FL?
- How long does it take to sell a house in Miami, FL?
- Do homes sell above asking price in Miami, FL?
- Are home prices going up or down in Miami, FL?
- How many homes are for sale in Miami, FL?
- All Miami, FL housing numbers
Other markets
- Is Tampa, FL a buyer's market or a seller's market?
- Is Orlando, FL a buyer's market or a seller's market?
- Is Jacksonville, FL a buyer's market or a seller's market?
- Is West Palm Beach, FL a buyer's market or a seller's market?
- Is North Port, FL a buyer's market or a seller's market?
- Is Fort Lauderdale, FL a buyer's market or a seller's market?
- Is Cape Coral, FL a buyer's market or a seller's market?
- Is Deltona, FL a buyer's market or a seller's market?
Figures come from Redfin's published market data for the Miami, FL area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.