Data Analysis

Redfin data for the three months ending June 2026 puts the Miami-Dade County median sale price at $576,224, up 0.2% year over year, while closed sales climbed 12.8% to 2,303.

Homes in Miami-Dade County took a median of 91 days to sell over the period, three days longer than a year earlier, per Redfin. The share of listings with a price drop fell to 13.9%.

Redfin reports the median Miami-Dade County sale price at $576,224 over the three months ending June 2026, up 0.2 percent from a year earlier. Redfin counts 2,303 homes sold in the county during that same rolling three-month window, an increase of 12.8 percent year over year. The median days on market came in at 91 for the period, three days longer than a year ago, per Redfin. The county's average sale-to-list ratio was 95.5 percent, up 0.2 percentage points, while 13.9 percent of active listings took a price drop and 9.3 percent of homes sold above their list price, according to the same Redfin dataset.

One clarification before the numbers get discussed further. These figures cover Miami-Dade County specifically, the geography Redfin publishes at the county level. Our Miami market hub tracks a broader South Florida footprint, so treat this article as the county-level slice rather than a reading on every submarket the hub covers.

Why did Miami-Dade home sales rise while prices stayed flat?

A 12.8 percent year-over-year increase in closed sales alongside a 0.2 percent price change is a specific combination. In Redfin's figures for the three months ending June 2026, buyers transacted in meaningfully larger numbers than a year earlier, yet the price they paid at the median barely moved. The usual mechanical explanation is supply meeting demand at roughly the prior year's price point. When more homes are available to absorb rising buyer activity, volume can grow without prices following. The data here supports that reading indirectly: sellers accepted 95.5 percent of list price on average over the period, per Redfin, which means most transactions still closed below asking. Buyers came back to the table in volume. They did not come back willing to bid prices up.

How long does it take to sell a home in Miami-Dade County?

The median home in Miami-Dade County took 91 days to go under contract over the three months ending June 2026, three days longer than the same period a year earlier, according to Redfin. Ninety-one days is about thirteen weeks. A seller listing in March at the county median would, in the typical case, have accepted an offer around mid June. That timeline matters for pricing strategy. A listing that sits past the median without serious offers is sending a signal, and the 13.9 percent of Miami-Dade listings that took a price drop over the period, per Redfin, shows how a meaningful share of sellers responded. The three-day year-over-year increase is small. It suggests marketing times have roughly stabilized rather than continuing to stretch.

What does a 95.5% sale-to-list ratio mean for negotiations?

Redfin puts the average Miami-Dade sale-to-list ratio at 95.5 percent for the three months ending June 2026, up 0.2 percentage points from a year earlier. In practice, a home listed at $600,000 closing at that ratio would sell for about $573,000, a gap of roughly $27,000. That is the average negotiating outcome, and it favors buyers, since final prices ran about 4.5 percent below asking in the typical transaction. Two secondary figures cut slightly the other way. The ratio improved 0.2 percentage points year over year, and the share of homes selling above list rose 1.7 percentage points to 9.3 percent, per Redfin. Neither shift is large. Together they indicate the discount from asking price stopped widening over this period, and that roughly one home in eleven attracted competition strong enough to clear its list price.

Are Miami-Dade sellers cutting prices?

Fewer are than a year ago. Redfin reports 13.9 percent of Miami-Dade County listings with a price drop over the three months ending June 2026, down 2.7 percentage points year over year. Two mechanics could produce that decline. Sellers may be pricing closer to the market at the outset, leaving less need for later reductions, or demand may be absorbing listings before a cut becomes necessary. The 12.8 percent rise in closed sales over the same period, per Redfin, is consistent with the second explanation carrying at least some of the weight. For buyers, a lower price-drop share means fewer obviously motivated sellers to target. The negotiation instead happens at the offer stage, where the 95.5 percent average sale-to-list ratio shows discounts from asking are still the norm in the county.

Do these figures cover the whole Miami market?

No, and the distinction is worth being precise about. Every number in this article describes Miami-Dade County as Redfin defines and publishes it. The county includes the city of Miami along with dozens of other municipalities and unincorporated areas, and conditions vary widely inside it. Coastal condo submarkets, inland single-family neighborhoods, and new-construction corridors can each run hotter or colder than the countywide median suggests. The broader tri-county region that many people mean by "the Miami market" extends beyond this dataset entirely. Readers comparing this report against metro-level statistics from other sources should expect differences driven by geography alone. For coverage of adjacent markets, including our West Palm Beach and Treasure Coast reports from the same June 2026 Redfin release, see the news section.

Limitations

These figures come with several caveats. Redfin's statistics reflect transactions within its platform coverage and the MLS feeds it processes, as published by Redfin, so counts and medians can differ from other data providers covering the same area. All figures describe a rolling three-month window ending June 2026, which smooths month-to-month swings and means single-month turns show up with a lag. The geography is Miami-Dade County only, which is narrower than the full metro area and narrower than the market footprint our Miami hub covers. Redfin also revises published figures over time as late-reported transactions enter its dataset, so the numbers above may not match what the source pages show on a later date.

Sources

• Redfin, Miami-Dade County housing market data, rolling three months ending June 2026: https://www.redfin.com/county/479/FL/Miami-Dade-County/housing-market
• Redfin Data Center: https://www.redfin.com/news/data-center/

Disclosure: Jon Brooks is a co-founder of Momentum Realty, a Florida real estate brokerage that owns and funds Florida Housing Intelligence. Momentum has a financial interest in Florida real estate transactions, including in markets named here. See our editorial standards.