Downtown Miami — 27% more closings and faster sales in the 2nd Quarter of 2026, yet Inventory levels don't go down.
In this video I break down exactly what happened in the Downtown Miami Condo Market:
Month by month, the 1st Quarter vs 2nd Quarter, and what it all means for Buyers and Sellers right now.
And here are the numbers...
📊 Total Closings:
1st Quarter 2026 = 86
2nd Quarter 2026 = 109
That is up 27% — more buyers are closing in Downtown Miami. The demand is real and it is growing.
📊 Days on Market:
1st Quarter 2026 = 96 Days
2nd Quarter 2026 = 81 Days. That is 16% faster.
Properties are selling faster even as inventory remains high. The units priced correctly are finding buyers — and finding them quicker than they were just one quarter ago.
📊 Months of Supply:
1st Quarter 2026 = 29 Months
2nd Quarter 2026 = 23 Months. Improving — but still very high.
📊 Active Listings:
1st Quarter 2026 = 819
2nd Quarter 2026 = 820
Essentially flat. Despite 109 closings in Q2, inventory barely moved. That tells you everything about the scale of the supply challenge in this market.
📊 Price Per Square Foot:
1st Quarter 2026 = $617
2nd Quarter 2026 = $580. A slight decrease.
📊 Median Sold Price:
1st Quarter 2026 = $573,500
2nd Quarter 2026 = $525,000. A slight adjustment.
🏆 Top Sale of the Quarter:
$5,100,000 — Aston Martin Residences — 5 Bedroom corner unit, almost 4,000 Square Feet at $1,323 per Square Foot. The corner units at Aston Martin Residences are among the very few truly large residences available in any new building in Downtown Miami especially right on the waterfront.
Here is what this data is telling us about Downtown Miami. More closings, faster sales — yet prices softened slightly and inventory remains stubbornly high for such a concentrated urban area. And there is more supply coming. New residential buildings are beginning to deliver units in Downtown Miami — adding even more inventory to a market that is already carrying 23 months of supply. That is the reality every Seller and Buyer in this market needs to understand clearly.
📍 I cover Downtown Miami and a few other Miami Condo neighborhoods I specialize in with real data, real numbers, and 20 years of experience behind every stat I share. If you want to stay ahead of what is happening in this market — Subscribe.
❓ Questions about buying or selling a Downtown Miami Condo? Drop them in the comments or reach out directly. I am always happy to help.
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