The Miami real estate market in January 2026 signaled a notable shift toward balance, offering buyers increased opportunity, improved leverage, and more competitive pricing.
After years of strong appreciation and limited inventory, Miami’s housing market is showing signs of normalization — a welcome development for homebuyers seeking value in one of the country’s most desirable coastal cities.
Key Miami Housing Market Stats – January 2026
- • Median listing price: $635,000
- • Year-over-year price change: ⬇ 2.3%
- • Active listings: 7,551 homes
- • Inventory growth: ⬆ 11.2% year-over-year
- • New listings: 1,828 (⬇ 6.2%)
- • Median days on market: 93 days (⬆ 17% YoY)
- • Listings with price cuts: 12.8%
Compared to the national housing market:
- • National inventory rose 10% (Miami outpaced it)
- • National median price dipped only 0.15%
- • National median days on market: 78 days
Miami is adjusting faster than many major metro areas.
What’s Driving the Shift in the Miami Housing Market?
1. Inventory Growth
An 11.2% surge in active listings provides buyers with more options across condos, waterfront homes, and luxury properties. Neighborhoods in high demand such as:
- • Brickell
- • Coconut Grove
- • Coral Gables
- • Edgewater
2. Price Softening
The 2.3% year-over-year price decline reflects recalibration rather than a downturn. Sellers are adjusting expectations to align with current demand levels.
For buyers, this creates:
- • Stronger negotiating power
- • More room for inspection contingencies
- • Potential closing cost credits
- • Flexible terms
3. Longer Time on Market
At 93 median days on market, buyers have time to:
- • Compare properties carefully
- • Avoid rushed bidding wars
- • Negotiate strategically
This is a significant contrast to the ultra-competitive environment of previous years.
Is Miami Becoming a Buyer’s Market?
While Miami is not in a full buyer’s market territory, January 2026 clearly indicates a move toward balanced market conditions. Key indicators suggesting improved buyer leverage include:
- • Rising inventory
- • Declining median prices
- • Extended days on market
- • Increased price adjustments
However, well-priced properties — especially waterfront and luxury inventory — continue to attract strong interest.
What This Means for Buyers and Investors
For homebuyers:
- • More selection
- • Better pricing
- • Less urgency
- • Negotiation advantage
For investors:
- • Improved entry points
- • Less overheated competition
- • Potential long-term appreciation in prime Miami locations
For sellers:
- • Pricing strategy is critical
- • Professional marketing matters more than ever
- • Overpricing leads to extended market time
Outlook for the Miami Real Estate Market in 2026
If inventory continues to rise and demand stabilizes, Miami may experience a healthier, more sustainable growth cycle throughout 2026. Buyers who act strategically during transitional periods often secure stronger long-term value.
Thinking About Buying or Selling in Miami?
Understanding hyper-local market data is essential. Whether you’re targeting luxury condos in Downtown Miami or single-family homes in Pinecrest, timing and positioning make the difference.
Connect with Team Dom50 by eXp Realty for a personalized market analysis tailored to your goals.
