Downtown Miami - Condo Market Real Estate Update for the 1st Quarter of 2026. Active listings climbed from 602 to 819 over the quarter, months of supply reached 29, and the data shows a market under real inventory pressure that every buyer and seller needs to understand heading into the 2nd Quarter.
In this video I break down the full Downtown Miami condo market for the 1st Quarter of 2026 — month by month for January, February, and March — with a complete picture of: Active Listings, Closed Sales, Pricing, Days on Market and Months of Supply - so every buyer and seller has the real data, not the glossy version.
Here is what you will learn:
— The full month-by-month breakdown of active listings, closed sales, median price per square foot, median sold price, days on market, and months of supply for Downtown Miami condos.
— Why Downtown Miami inventory climbed from 602 to 819 active listings over the quarter, including the normal seasonal pattern and the resale wave of new construction units coming back to market.
— The year-over-year comparison of 1st Quarter 2025 vs 2026 including the 65% increase in days on market, the growth in months of supply from 26 to 29, and why price per square foot is still up 4% despite the inventory pressure.
— The full 1st Quarter 2026 price range breakdown showing exactly where transactions are happening — from the sub-$1 Million range that dominates the market to the $6.5 Million top sale at Aston Martin Residences.
— What this market means for you if you are a Downtown Miami buyer or seller right now, with specific takeaways for both sides as we head into the 2nd Quarter of 2026.
Downtown Miami has seen an extraordinary wave of new condo construction over the past several years, and right now a new tower is delivering units while original buyers bring their condos back to market as resale inventory. The result is a large and growing pool of available condos competing for a buyer pool that has not grown at the same pace. That is the core dynamic driving the 1st Quarter of 2026 data — and understanding it is critical whether you are looking to buy, sell, or hold in this market.
🏡 WORK WITH JOSE
My name is Jose Laya and I was born and raised right here in Miami, and I have been helping clients in Miami Real Estate for over 20 years. I cover Downtown Miami and other luxury markets which include Coral Gables, Pinecrest, Coconut Grove, Brickell, and South of Fifth. If you are thinking about buying or selling in any of these markets, I would love to help you navigate with real data, local expertise and a relentless commitment to helping you achieve your goal.
📊 DATA SOURCE
All figures in this video are pulled from the Miami MLS and reflect closed transactions for Downtown Miami condos in Q1 2026. Every number in this report is verified and sourced directly from MLS data.
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