Institute for Luxury Home Marketing
Miami Luxury
Market Report
April 2026 · Miami, Florida
April 2026 data is in for Miami's luxury market — and the picture looks very different depending on whether you're looking at condos or houses. Here's what the numbers actually mean for buyers and sellers right now.
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Miami's market in two very different stories
Miami has one of the most talked-about luxury markets in the country — and right now, it's a tale of two segments. The condo market and the single-family home market are moving in completely different directions. Here's the breakdown.
Condos & Townhomes
Attached Homes
Luxury starts at $800,000+
🔵 Buyer's MarketStandalone Houses
Single-Family Homes
Luxury starts at $900,000+
⚖️ Balanced MarketHow does Miami compare to Denver?
Same data source. Two completely different markets.
Miami · Condos
Buyer's Market
Over 2,000 units available, homes averaging 92 days to sell, and buyers negotiating ~5–6% below asking. If you're buying a Miami condo, you have real room to work with.
Denver · Condos
Balanced Market
Denver condos move in 25 days and sell at 99.6% of asking. Much less room to negotiate — a very different dynamic from Miami's condo segment.
Miami · Houses
Balanced Market
More sales, rising prices, shrinking inventory. Miami luxury houses are in demand — especially at entry-level luxury. Sellers are in a noticeably stronger position than in the condo segment.
Denver · Houses
Seller's Market
The most competitive of all four segments — homes sell in 10 days at 100% of list price. Buyers need to move fast and come fully prepared.
What does this mean for you?
Whether you're in Miami, Denver, or watching from afar.
Buying a Miami condo?
You're in the driver's seat. With over 2,000 units on the market and homes sitting for 3+ months, sellers are motivated. Come in with a strong offer and room to negotiate — you have it.
Selling a Miami home?
Single-family sellers are in better shape than condo sellers right now. Prices are rising and fewer homes are available. But Miami buyers across both segments still expect to negotiate — plan for it.
Investing in Miami luxury?
The entry-level luxury range ($900K–$1.2M) is where the action is — highest sales volume, most competition. Ultra-luxury ($10M+) still has inventory piling up with almost no sales.
Comparing markets?
Denver's luxury market moves significantly faster than Miami's — shorter days on market, higher sale-to-list ratios. Two completely different strategies depending on which city you're in.
Quick glossary
The terms behind the numbers.
Curious what this means for a specific home or search?
Every property is different. I'm happy to walk through exactly where you stand — whether you're in Miami, Denver, or somewhere in between.
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