‘Tale of two’ Miami housing markets reflects changing priorities, international demand

South Florida’s housing market is navigating a notable shift in mid-2026, characterized by a sharp divergence between a tight, high-end single-family market and a condominium sector adjusting to higher inventory levels. New HousingWire Data from the Miami-Fort Lauderdale-Pompano Beach metro shows single-family home inventory has tightened considerably, falling 29% year-over-year to 13,319 active listings.Median list prices have climbed 6.5% to $799,000, while the mean list price has surged to $2.16 million.That $1.36 million gap between those figures points to a luxury tier that’s increasingly influencing the market landscape.The trend has been accompanied by more measured pricing strategies among sellers, local experts told HousingWire. Only 35.3% of single-family listings took a price cut in the latest weekly data, down from roughly 41% a year ago — indicating fewer homeowners are entering the market with unrealistic expectations. Months of inventory expanded from 3.5 to 4.5 months, giving buyers slightly more leverage while demand remains concentrated in desirable locations and move-in-ready homes. George Fraguio — vice president of private lending at Miami-based lender Vaster —...