📉 Miami Real Estate – June 2025: A Buyer’s Market With Teeth
For years, Miami was a seller’s dream — fast offers, bidding wars, and skyrocketing prices. But now? We’ve entered a new era. The market is cooling, listings are piling up, and buyers finally hold the power.
If you’ve been waiting to make your move, the time is now.
🔻 Prices Are Sliding, Not Crashing
Miami-Dade median prices are down about 5% year-over-year, with the biggest drops in condos and older homes.
Florida statewide prices dipped around 0.7%, marking the first meaningful cooling since the pandemic boom.
In buildings with rising HOA fees or deferred maintenance, prices are falling even faster — some down 7–10%.
👉 Interpretation: This isn’t a collapse — it’s a long-overdue correction. And it’s creating room to negotiate.
🏘️ Inventory Is Up. Way Up.
Active listings in Miami-Dade are up ~46% YoY.
Condo supply has ballooned to over 14 months, giving buyers more leverage than we've seen in a decade.
Single-family homes have about 6–7 months of supply — still technically a buyer’s market.
More homes, longer time on market, and more motivated sellers = opportunity.
📉 Sales Have Slowed Sharply
Overall home sales dropped 20% YoY.
Condo sales? Down 25%.
Homes are sitting longer on the market, which means more chances to negotiate on price, closing costs, or inspection issues.
This slowdown isn’t a bad sign — it’s an invitation for strategic buyers to take the lead.
⚠️ Conditions You Can Use to Your Advantage
Interest rates are still hovering around 6.5–7%, which keeps the buyer pool smaller and competition lower.
Insurance premiums and HOA assessments have increased, particularly for older buildings — giving you leverage in negotiations.
Some sellers are facing financial pressure to offload properties now rather than wait.
If you come prepared — pre-approved, informed, and flexible — you’ll have the edge.
🧠 What This Means for You
This market favors buyers with vision and strategy. It’s not about rushing — it’s about recognizing value when others hesitate.
If you’re considering buying, this is your chance to lock in a deal that would have been impossible just a year ago.
If you're selling, a thoughtful strategy — realistic pricing, great presentation, and transparency — will still move the right property.
If you'd like to understand what this market shift means for your situation, I’m here to help. Whether you're buying, selling, or just trying to figure out your next move, I’m happy to offer a personalized, no-pressure consultation.
📩 Reach out anytime. Let’s make the numbers work for you.
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