10/21/2026
🏡 MIAMI REAL ESTATE MARKET UPDATE | OCTOBER 2026
The South Florida market is shifting, and understanding the numbers can make all the difference!
📊 What buyers and sellers need to know:
✨ Single-family homes: Median September sale price of $692,900.
✨ Condos & townhomes: Median September sale price of $417,295.
✨ Inventory: Approximately 5.6 months for single-family homes versus 13.1 months for condos and townhomes in Miami-Dade.
✨ Mortgage rates: Around 7.4% nationally, making financing strategy especially important.
What does this mean for you?
🔑 Buyers: More condo inventory may mean more options and opportunities to negotiate. More negotiations for seller credits.
🏡 Sellers: Competitive pricing, presentation, and a strategic marketing plan matter.
📩 Thinking about buying, selling, or investing in South Florida? Let’s discuss your options and create a strategy that fits your goals.
Krystal Green-Bergnes | South Florida Realtor