Miami Real Estate Market Report – May 2025

Discover key insights on Miami's real estate market as of May 2025: prices, inventory, and top opportunities for buyers and investors.

The Miami real estate market remains dynamic as of May 2025, showing signs of price stability, balanced inventory, and consistent buyer behavior. In this Miami real estate market report, we analyze key metrics to understand where the sector is heading and how buyers and investors can act strategically.

General Market Overview

According to the latest data, the average closed price per square foot is $713, while active listings average $736 per square foot. This reflects a still-competitive market, with an average discount of 6% on closed transactions.

The average days on market for closed properties was 124 days, compared to 139 days for active listings. Additionally, the total sales volume reached $2,919.2 million, generating more than $20 million in commissions.

Inventory and Absorption

With 2,991 closed properties versus 3,391 active listings over the past 12 months, the 12-month inventory remains stable. This balance indicates a buyer’s market, offering opportunities especially for those seeking to negotiate discounts.

The inventory distribution by property type and number of bedrooms shows that 2- and 3-bedroom units remain the most in demand, together representing over 60% of closed transactions.

Average Prices and Ranges

The average sale price stands at $975K, while active listings average $1.2M. The most expensive closed properties reached $33.5M, while active listings exceed $50M—confirming ongoing interest from high-net-worth buyers.

📊 Key Market Indicators – May 2025

• 💲 $713 / SQFT (Closed)
• 💲 $736 / SQFT (Active)
• 📉 6% Average discount on closed transactions
• 🗓️ 124 days Average on market (closed)
• 🗓️ 139 days Average on market (active)
• 💰 $975K Average price (closed)
• 💰 $1.2M Average price (active)

Inventory and Activity

• 🏘️ 2,991 / 3,391 Closed vs Active listings (last 12 months)
• 🏠 99,235 Total households in Miami
• ⏳ 12 months of inventory
• 🛒 Market type: Buyer’s Market

Price Ranges (Closed / Active)

• 🔺 Lowest closed: $74K

• 🔻 Highest closed: $33.5M

• 🔺 Lowest active: $99K

• 🔻 Highest active: $50.0M

Market Volume

• 📦 $2,919.2M Total sales volume
• 💼 $20.0M Total commissions generated

Most Active Segments (by number of bedrooms):

• 2 bedrooms: 1,138 closed / 1,322 active
• 3 bedrooms: 680 closed / 546 active

Featured Pre-construction:

• 🏗️ Projects like Aria Reserve and Dolce & Gabbana Residences under development
• 🕐 Estimated delivery: 2026–2028

Buyer Demographics

• Top international buyers: Nicaragua, Colombia, Venezuela
• Top domestic buyers: New York, California, New Jersey

Opportunities in Pre-construction

Projects like Aria Reserve and 888 Dolce & Gabbana Residences offer development-stage investment alternatives with high appreciation potential in the coming years.

Where to Find Attractive Properties?

For those looking to invest or purchase a residence, we recommend browsing the updated listings for sale on NegocioMiami, where you can filter by location, price, and property type.

Miami remains one of the most attractive real estate markets in the U.S. for long-term investment.

Miguel E. Hernandez P.A.

FAQs: Frequently Asked Questions

What does a "buyer’s market" mean?
It means there are more properties available than current demand, giving buyers greater negotiating power and better pricing opportunities.

What are the most sought-after areas in Miami?
Brickell, Downtown, and Edgewater continue to be hot zones for both pre-construction and move-in-ready properties.

Is now a good time to invest in pre-construction?
Yes, especially in projects delivering between 2026 and 2028, offering early pricing advantages.

What property types are most profitable?
Two- and three-bedroom homes tend to sell faster and are ideal for rental income or resale.

How can I get personalized guidance?
We invite you to contact a specialized agent at NegocioMiami to guide you every step of the way.

Conclusion

Miami’s real estate market as of May 2025 remains stable, offering opportunities for both local and international buyers. Whether you're looking to invest, relocate, or sell, it's essential to have updated information and expert advice.

Ready to take the next step? Contact an agent or explore our current listings for sale today.