Downtown Miami Condo Market Report — November 2026
Monthly Market Report · November 15, 2026
Market Summary
As of November 15, 2026, Downtown Miami has 926 active listings at a median list price of $630K ($843 per sqft). 386 homes closed in the past 12 months at a median sold price of $487K, implying 28.8 months of supply. Homes here sell for about 95% of list price.
Condos sold for a median 93.8% of their original asking price (96.2% of the final list price), went under contract in a median 65 days and closed in 104. 45% of buyers paid cash, 52% financed and 3% did not disclose.
Based on MLS closed sales. Data current as of November 15, 2026.
How fast condos sell
Condos here sold for a median 93.8% of their original asking price (96.2% of the final list price), went under contract in a median 65 days and closed in 104.
65 days
median, listing → contract
35 days
median, contract → closing
104 days
median, listing → closing
% of original ask93.8%
% of final list price96.2%
89% of condos (4,382 of 4,938) sold below their original asking price. Based on 4,970 closed sales, Nov 2025 – Oct 2026. Days are counted from the listing date.
How buyers paid
Of the 4,819 buyers whose financing was recorded, 46% paid cash. Across all 4,970 sales of condos: 45% cash, 52% financed and 3% not disclosed.
Cash44.9%2,234 sales
Financed (mortgage or other loan)52.0%2,585 sales
Not disclosed3.0%151 sales
46%
cash share of disclosed sales
97%
of sales reported how the buyer paid
Cash: paid entirely in cash. Financed: any mortgage or loan, including a mix of cash and loan. Not disclosed: payment method not reported, or reported only as “Other” / 1031 exchange. From the MLS financing field on 4,970 closed sales, Nov 2025 – Oct 2026.
For Sale in Downtown Miami
926 condos currently for sale · $199,000 – $50,000,000.
Downtown MiamiFor Sale926 for sale · $199,000 – $50,000,000
We track every closed sale in Downtown Miami — 386 in the last twelve months. Get the new ones, with prices and price per square foot, on the first of each month.
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Buyer’s Market28.8 months of supply
Supply exceeds the current pace of sales — buyers have more leverage.
Trades at a 63% premium to the Miami average ($843 vs $517 per sqft, above market).
MiamiRE (Miami Association of Realtors) MLS — listings and closed sales.
Geography
every MLS listing whose coordinates fall inside the Downtown Miami polygon (point-in-polygon, not a name match).
Property types
MLS PropertyType = Residential: condominiums, single-family homes, townhouses and villas. Land, commercial and duplex–quadplex are excluded, as are rentals.
As of
November 15, 2026. This page is a dated snapshot, rebuilt nightly from a live query taken at build time. Inventory counts MLS status Active only — listings under contract (Pending, Active Under Contract) and Coming Soon are not counted as for sale.
Reporting windows
Active listings, median list price and median $/SF are as of the date above. The closed-sale figures — median sold price, the sales count and the year-over-year change — cover a rolling 365 days, November 15, 2025 – November 14, 2026, n=386 closed sales. Year-over-year compares that window with the 365 days before it, and is suppressed unless both sides have at least 5 sales. Months of supply is active listings ÷ (those closed sales ÷ 12). The sale-timing panel states its own window and sample size.
