What the Miami, FL numbers actually mean right now
The typical home in the Miami area is valued at $475,830 as of August 2026. That is 0.5% below where it sat a year ago, when the same figure was $478,005.
Homes are taking about 98 days to go under contract, compared with 97 days this time last year. 9.5% of sales are closing above the asking price, up from 7.4% a year ago.
There are 48,328 homes on the market, -14.3% against last year. New listings are -3.0% year over year.
On the rental side, asking rents are around $2,666 a month, +1.6% year over year.
For buyers: the selection is tighter than a year ago, homes are sitting longer before going under contract. What that means for a specific budget and neighbourhood is worth a conversation — these are metro-wide figures.
For sellers: the average time to contract has lengthened. Pricing against what is actually selling nearby matters more in this kind of market than it does in a fast one.
Two things this page cannot supply: what is happening on your own street, and how to word the ask at the end. The first is why your clients hired you rather than opening Zillow. The second is covered once, properly, in the guide on the main template page — repeating it here in twenty slightly different ways would not make it truer.