Ten straight months of growth
Miami-Dade total home sales rose 14.3% year over year to 2,107 transactions in June 2026, the county's best June since 2023 and the tenth consecutive month of year-over-year sales growth, according to statistics released by MIAMI REALTORS + RWorld, the MIAMI MLS and BeachesMLS. Single-family transactions rose 16.8% to 1,049, while condominium and townhouse sales rose 11.9% to 1,058.
Sales of $1 million and above climbed 29.1% year over year, and condo sales in the $300,000-to-$600,000 range rose 8.7%. MIAMI REALTORS + RWorld Chairman Alfredo Pujol attributed the strength partly to the FIFA World Cup bringing global visibility to the region, alongside 'cash buyers, wealth migration, and robust global demand.'
One market tight, one market glutted
The two halves of the market are moving in opposite directions on supply. Single-family active listings fell 22.7% year over year to 4,380, leaving 4.9 months of supply and a median 52 days to contract — figures typical of a market with too little for sale. Condo active listings fell more modestly, down 11.5% to 11,550, but that still left 12.3 months of supply, roughly two and a half times the single-family figure, with a median 85 days to contract.
That gap shows up directly in price. The single-family median sale price rose 3.7% year over year to $695,000 from $670,000 — the 172nd increase in the last 175 months, according to county data cited by the Keys News republication of the release. The condo median fell 3.2% to $431,000 from $445,000. Condo cash sales made up 48.5% of transactions.
Why condos are different: the Surfside law
The condo glut has a specific, documented cause. Florida lawmakers overhauled condominium safety law after the 2021 collapse of Champlain Towers South in Surfside, which killed 98 people. The law requires associations in buildings three stories or taller to complete structural inspections by set deadlines and to fund full reserves for future major repairs, with no more waiving or underfunding those reserves.
Those requirements have pushed sharply higher monthly assessments onto owners in older buildings, particularly the aging coastal stock concentrated in South Florida, according to reporting compiled by the Insurance Journal and the Miami Herald. A 2026 reform allowed associations that are already making repairs after a mandatory inspection to pause reserve contributions for up to two years and to borrow via lines of credit, but the core inspection and reserve-funding mandates from the original 2022 law remain in place.
That combination — big, often unpredictable special assessments layered on top of a purchase price — has made older condo units harder to sell and pushed inventory higher even as buyers keep showing up for newer or already-repaired buildings, which helps explain why condo transaction counts and single-family transaction counts can both rise even as their price trends diverge.