Miami Condo Market Report Q2 2026 | Bensimon Luxury
Archive · Q2 2026Archivo · Q2 2026

Miami Condo Market ReportReporte del Mercado de Condominios

2,186 closed condo sales across 17 Miami neighborhoods, April to June 2026. Straight from the MIAMI MLS, medians not averages.2,186 ventas cerradas de condominios en 17 barrios de Miami, abril a junio de 2026. Directo del MLS de MIAMI, medianas y no promedios.

By NeighborhoodPor Barrio

Every neighborhood, Q2 2026Cada barrio, Q2 2026

Sorted by closed volume. Changes are against Q2 2025. Watch the $/SF column, not the price column: price moves when the mix of units changes, $/SF moves when the market does.Ordenado por volumen cerrado. Los cambios son contra Q2 2025. Mire la columna de $/pie, no la de precio: el precio se mueve cuando cambia la mezcla de unidades, el $/pie cuando se mueve el mercado.

NeighborhoodBarrioSalesVentasMedian PricePrecio MedianoMedian $/SF$/Pie Mediano$/SF YoY$/Pie InteranualPrice YoYPrecio InteranualDOMDíasSold/ListVenta/Lista
Aventura359$436,000$344-3.1%-9.2%9593.9%
Downtown Miami268$580,030$591-7.5%-6.3%8895.6%
South Beach212$390,000$546+4%+8.3%8494.9%
Brickell208$650,000$593-4.7%0%8795.6%
Sunny Isles Beach183$550,000$458+15.4%+3.7%9494%
Edgewater164$640,000$615+0.7%0%8895.6%
Coral Gables · mix shift147$1,675,000$913+8.9%-8%4095.8%
North Beach112$625,000$521-0.2%+14.2%7594.6%
Coconut Grove82$2,265,000$958-2.9%-11.2%3995.9%
Midtown77$700,000$688-6.4%-11.9%7595.7%
Key Biscayne · mix shift65$1,842,500$1,034+21.8%+43.1%3894.5%
Brickell Key · small sample64$749,500$655-4.5%+0.9%7995.1%
South of Fifth · small sample58$1,437,500$1,365+38.6%+42.7%6594.6%
Mid-Beach · small sample58$855,000$758-7.4%-10%7694.7%
Surfside · small sample45$1,580,000$946+20.7%+26.4%10493.7%
Bal Harbour · mix shift45$1,250,000$894+4.4%-21.9%6793.1%
Bay Harbor Islands · mix shift39$1,250,000$711+5.5%+35.9%9493.5%
Seven YearsSiete Años

Brickell, every Q2 since 2020Brickell, cada Q2 desde 2020

Bar height is closed sales, the number under each bar. The price above it is the median. Volume is 74% off its 2021 peak.La altura es ventas cerradas, el número bajo cada barra. El precio arriba es la mediana. El volumen está 74% por debajo de su máximo de 2021.

$365,000
126
2020
$425,000
806
2021
$610,000
670
2022
$636,500
396
2023
$665,000
284
2024
$650,000
235
2025
$650,000
208
2026

Closed sales within 0.8 miles of central Brickell. Median days on market ran 109 in 2020 against 87 now.Ventas cerradas dentro de 0.8 millas del centro de Brickell.

What I am seeingLo que estoy viendo

Here's what I'm seeing this quarter: the headline number is hiding the real story, because Miami condos aren't one market right now. They're two.

At the everyday price points, buyers finally have room. Volume is down hard. Brickell alone is off 74% from its 2021 peak. Condos are sitting on the market about three months, and most close around 5% under ask. If you're shopping a one- or two-bedroom in Brickell, Aventura, or Downtown, you have leverage you didn't have two years ago. Prices are flat to slightly soft.

The top end is a different story entirely. South of Fifth, Key Biscayne, the waterfront lines: price per foot is up double digits. Not because it's hot, but because there's almost nothing to buy. When three good units trade in a quarter, scarcity sets the price, not demand.

So don't read one median and think you understand Miami. What's true for a $450K Aventura condo is the opposite of what's true for a $1.4M South of Fifth line. Tell me your price point and your building, and I'll tell you which side of this market you're actually in.

Esto es lo que veo este trimestre: el número principal esconde la historia real, porque los condominios de Miami no son un solo mercado ahora mismo. Son dos.

En los precios de todos los días, los compradores por fin tienen margen. El volumen cayó fuerte. Solo Brickell está 74% por debajo de su pico de 2021. Los condominios tardan unos tres meses en venderse, y la mayoría cierra alrededor de 5% por debajo del precio pedido. Si buscas un uno o dos dormitorios en Brickell, Aventura o Downtown, tienes una ventaja que no tenías hace dos años. Los precios están estables o ligeramente a la baja.

El segmento alto es otra historia por completo. South of Fifth, Key Biscayne, las líneas frente al mar: el precio por pie subió a doble dígito. No porque esté caliente, sino porque casi no hay nada que comprar. Cuando se venden tres buenas unidades en un trimestre, la escasez fija el precio, no la demanda.

Así que no leas una sola mediana y creas que entiendes Miami. Lo que es cierto para un condominio de $450K en Aventura es lo opuesto de lo que es cierto para una línea de $1.4M en South of Fifth. Dime tu presupuesto y tu edificio, y te digo en qué lado de este mercado estás realmente.

Li Bensimon · The Carroll Group at Compass

How this is builtCómo se construye
Citing this reportCitar este informe

Journalists and researchers are welcome to use these figures. This quarter has a permanent address that will not change when the next one is published.Periodistas e investigadores pueden usar estas cifras. Este trimestre tiene una dirección permanente que no cambiará cuando se publique el siguiente.

Bensimon Luxury, "Miami Condo Market Report, Q2 2026." Compiled from closed sales reported to the MIAMI MLS. https://bensimonluxury.com/market-report/2026-q2/

Permanent link: https://bensimonluxury.com/market-report/2026-q2/. For a neighborhood cut, a longer time series or the underlying counts, email [email protected].Enlace permanente: https://bensimonluxury.com/market-report/2026-q2/. Para un corte por barrio o la serie completa, escriba a [email protected].

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