🏡 Miami Real Estate Market – May 2025 Recap

If you've been keeping an eye on the Miami market — or just wondering if it's a good time to make a move — here's what happened in May.

We're seeing a clear shift. The pace has slowed, but not in a bad way. After the intensity of the past few years, the market is now more balanced. Buyers have more breathing room, and sellers are adjusting expectations. It’s a healthier environment overall.

📊 By the Numbers:

• Median home value: $595,318 (up 1.4% year-over-year)

• Median sale price: $586,667

• Median list price: $681,483

• Average days on market: 73

Prices are holding relatively steady, but properties are taking longer to sell — especially in the mid-tier range.

🧭 What This Means:

For buyers:
This is a good time to act if you’ve been waiting. More inventory means more options and slightly more negotiating power. The frantic bidding wars have cooled, especially under $1M, and you now have time to make considered decisions.

For sellers:
If you're thinking of listing, strategy is everything. The homes that are priced correctly and presented well are still selling. Overpricing or skipping staging? That's where you’ll feel the slowdown.

For investors:
Short-term rentals continue to be profitable in the right areas, but zoning restrictions are tightening. If you're looking for an investment property, it's crucial to make sure the location aligns with permitted use — and that the numbers still work with current pricing and financing.

✍️ Final Thought:

We're in a moment of recalibration — and that’s not a bad thing. Whether you’re buying, selling, or just weighing your options, understanding the current climate helps you move forward with clarity and confidence.

📩 Want to Talk?

If you have questions about your property, a neighborhood you’ve been watching, or whether now’s the right time to move, feel free to reach out. I’m happy to help — no pressure, just a real conversation.