Buyer’s Market or Seller’s Market?

June 13, 2025

Miami’s real estate market has always had a pulse of its own—fast, international, and ever-evolving. Whether you’re planning to buy, sell, or invest, understanding where the market stands right now is everything.

So, is it a buyer’s or seller’s market in 2025? Let’s look at the numbers—and what they mean for you.

Current Market Snapshot (Mid-2025)

According to recent data from the Miami Association of Realtors (as of Q2 2025):

• Active Listings in Miami-Dade County: Up 18% year-over-year

• Median Sales Price (Single-Family): $630,000 (↑ 4.5% YoY)

• Median Sales Price (Condos): $420,000 (↑ 2.1% YoY)

• Average Days on Market: 54 days (↑ from 42 days last year)

• Months of Inventory: 4.8 months

What Does This Mean?

• Buyer activity has slowed slightly due to higher interest rates (~6.7%) and increased inventory.

• Sellers are still seeing solid returns—especially in hot neighborhoods like Coral Gables, Coconut Grove, and Pinecrest—but homes are sitting on the market longer.

• Inventory between 4–6 months is generally considered a balanced market. Below 4 is a seller’s market, above 6 favors buyers. So at 4.8 months, Miami is leaning toward neutral to buyer-friendly.

Signs the Market Is Shifting Toward Buyers

1. More Price Reductions – Over 20% of listings in May had price drops before going under contract.

2. Longer Time on Market – Gives buyers more leverage to negotiate and include contingencies.

3. Builder Incentives – In new developments, we’re seeing perks like closing cost credits, rate buy-downs, and upgrades offered to buyers.

Still a Seller’s Market in Some Zip Codes

Don’t get it twisted—certain luxury pockets are still red-hot. In areas like Gables Estates, Bay Point, and parts of Miami Beach, low inventory and cash buyers are keeping bidding wars alive.

If you’re selling in these neighborhoods, pricing right and staging well can still mean a fast, profitable sale.

What Should You Do?

• Buyers: It’s a great time to get in without the extreme competition we saw in 2021–2022. You have more room to negotiate—especially on condos and older homes.

• Sellers: You can still win—but you need to be strategic. Overpricing or under-preparing your home won’t cut it anymore.

Let’s Talk Strategy

The Audrey Ross Team helps buyers and sellers make smart moves no matter what the market looks like. Whether you’re looking to find the perfect waterfront home or you’re curious how much your Coral Gables property could sell for in today’s market, we’re here to guide you.

📞 Let’s schedule a quick consultation.
We’ll share hyperlocal stats tailored to your neighborhood—and a custom game plan to help you win. Contact us on MiamiRealEstate.com.