Miami Beaches & Coastal Mainland Market Report: 3Q 2025
“Miami’s luxury market has shifted from a sprint to a steady stride – a sign of maturity, not slowdown. In Q3, sales volume eased across both the Miami Beaches and the Coastal Mainland, but pricing held firm, driven by strong demand for high-quality, modern properties. The global appetite for Miami’s top-tier real estate remains alive and well, buyers today are just more intentional – focused on lifestyle and long-term value. With inventory stabilizing and confidence holding steady as 2025 starts to wind down, Miami remains one of the most dynamic and enduring luxury markets in the world.”
– Pamela Liebman, Corcoran’s President & CEO
Miami’s luxury market remains resilient amid recalibration.
- Even as overall sales moderated this quarter, Miami’s luxury market continued to flex its strength through pricing power and demand for newer, move-in-ready properties. Elevated inventory and longer decision cycles haven’t dampened enthusiasm – particularly among global buyers drawn to Miami’s lifestyle, tax advantages, and world-class cachet.
The Miami Beaches are balancing a market reset with record moments.
- Sales slowed across property types – down 18% for single-family homes and 27% for condos – yet trophy transactions still captured headlines, including sales at $74.2M and $28.6M.
- While listings climbed to five-year highs, this normalization is giving serious buyers more choice and restoring a healthier market rhythm.
On the Mainland, steady single-family strength anchors the market.
- The Miami Coastal Mainland held its ground, with single-family sales stable for a fourth straight quarter and median prices up 4% year-over-year — a sign of consistent demand from well-qualified buyers.
- Condo activity cooled again, but the upper-tier market stayed active, led by standout deals at $23.4M and $14.8M.
More inventory, more precision, and more opportunity.
- Across Miami, inventory levels are building, giving buyers greater leverage while challenging sellers to price with accuracy. Yet demand fundamentals remain strong.
- The city’s unique mix of lifestyle, global connectivity, and investment appeal continues to make it one of the most dynamic and enduring luxury markets in the world.
