Miami-Dade posts its second consecutive strong month as all-cash transactions surge
Miami-Dade's real estate market maintained its momentum through October, with home sales climbing 7% year-over-year as the region continues to stand apart from national housing market sluggishness.
The strength came despite inventory remaining 17% below pre-pandemic levels and signals growing confidence among certain buyer segments despite elevated mortgage costs.
"Market declines are fueled by debt, not cash," said Eddie Blanco, chairman of the MIAMI Association of Realtors. "Miami is America's No. 1 metro for all-cash sales."
All-cash transactions jumped 17.3% from October 2024, extending a trend that has become Miami's market distinguisher.
Cash deals represented 38.8% of closed sales in October, compared to just 29% nationally, with condos showing even higher concentration at 50.8% of transactions in all-cash deals.
According to Realtor.com data cited by MIAMI, 43% of all real estate deals in Miami were conducted entirely in cash during the first half of 2025, ranking the market No. 1 in the nation.
The composition of Miami's buyer pool reveals why the market has proven more resilient than peers. International investors and buyers relocating from higher-cost metros account for disproportionate share of transactions, particularly in the upper-price segments.
Transactions exceeding $1 million surged 20%, while the region is poised to record its second-highest year of ultra-luxury sales with an estimated 426 sales priced at $10 million and above by year-end.
"Miami real estate offers more bang for your millions," Blanco said, citing the region's favorable tax environment and business-friendly policies as key attractions.
Rising inventory provided some relief for buyers. Single-family inventory increased nearly 18% year-over-year, while condo inventory climbed 15.66%, though both remain constrained relative to historical levels.
Max Slyusarchuk, founder of A&D Mortgage, is advocating for an end to Florida’s higher condo down payment rule. He says the adjustment could increase liquidity, stabilize the market, and improve housing affordability for residents.https://t.co/9AZlfHlOS8
— Mortgage Professional America Magazine (@MPAMagazineUS) November 18, 2025
The median days on market extended to 50 days for single-family homes and 72 days for condos, suggesting the market is gradually shifting toward balance.
Mortgage rates declined to 6.25% for a 30-year fixed loan in October, down from above 7% at the start of 2025.
Miami's chief economist Gay Cororaton suggested the rate environment should benefit 2026 sales.
"The strong finish this year sets up the market for full-year growth in 2026, underpinned by lower mortgage rates and sustained condo market stabilization," Cororaton said.
Distressed sales remained at historic lows, comprising just 2.5% of closed transactions, underscoring the fundamental health of Miami's residential property values and suggesting broad-based appreciation rather than forced selling.
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