{"id":1994,"date":"2026-06-18T18:31:50","date_gmt":"2026-06-18T18:31:50","guid":{"rendered":"https:\/\/floridamovingchronicle.com\/?p=1994"},"modified":"2026-06-18T18:31:50","modified_gmt":"2026-06-18T18:31:50","slug":"miami-home-sales-are-on-the-rise-but-what-about-prices-check-the-trends","status":"publish","type":"post","link":"https:\/\/floridamovingchronicle.com\/?p=1994","title":{"rendered":"Miami home sales are on the rise, but what about prices? Check the trends"},"content":{"rendered":"<article><!-- --><!-- --><!-- WPS-5038 -- removed the script from WPS and added the placeholder for trinity player --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- CONTENT --><!--[--><!--[--><\/p>\n<p>Condos are getting cheaper and single-family homes are getting more expensive in Miami-Dade County as total home sales increased for the ninth consecutive month.<\/p>\n<p>Read more <a href=\"https:\/\/floridamovingchronicle.com\/?p=1993\">Miami workers wanted a bigger space. They got it \u2014 and a \u2018vibe check\u2019 at door<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Sales rose by nearly 8% in May compared to the same time period last year. Single-family homes increased in sales by 10% and existing condos by 5%, according to data from the Miami Association of Realtors.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>The median sale price for single-family homes has increased by almost 1%, from $675,000 to $680,000. Condo prices have decreased by over 2% compared to last May, from $425,000 to $415,000.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>South Florida averages one sale of a $10 million home each day, and is the No. 1 ultra-luxury market in the U.S.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>While sales are going up, inventory is going down.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Total listings in Miami-Dade are down nearly 12% from the previous year. Lower supply can raise prices in the county as demand continuously increases.<\/p>\n<p><!--]--><!--[--><!-- --><!--]--><!--[--><\/p>\n<p>Last month, the number of single-family homes available dropped by 19% year-over-year. The number of condos available dropped by nearly 9%, an improvement from the April year-over-year comparison, but marking the fourth consecutive month of decreases since July 2023.<\/p>\n<p>Read more <a href=\"https:\/\/floridamovingchronicle.com\/?p=1991\">Judge denies bond for former Congressman David Rivera, citing flight risk<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>The trend follows with a 21% decrease in the inventory of single-family homes. Supply is still outweighing the demand for condos in the county.<\/p>\n<p><!--]--><!--[--><\/p>\n<h2>Broward County<\/h2>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Total home sales are on a three-month year-to-year rise in Broward County, with May increasing by just less than 1%. Single-family homes are up by 3%, and condos are down by 1.5%.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Single-family home prices increased by nearly 1% year-over-year, from $625,000 to $630,000. Median condo sale price stayed flat at $275,000.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Like in Miami-Dade, there are more prospective buyers than available single-family homes, but more condos on the market than there are buyers.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>Broward inventory has decreased for both single-family homes and condos. And active listings are down 18%.<\/p>\n<p>Read more <a href=\"https:\/\/floridamovingchronicle.com\/?p=1990\">Judge denies bond for former Congressman David Rivera, citing flight risk<\/a><\/p>\n<p><!-- --><!--]--><!--[--><!-- --><!--]--><!--]--><!-- --><!-- --><!-- --><!-- --><!-- --><\/article>\n","protected":false},"excerpt":{"rendered":"<p>Total home sales rose in South Florida in May as Miami-Dade single-family prices ticked up and condo prices fell, while inventory continued to decline.<\/p>\n","protected":false},"author":1,"featured_media":856,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Miami home sales are on the rise, but what about prices? 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