Downtown Miami — Almost 3 Years of Active Inventory in the 3rd Quarter of 2026, with 878 active condo listings and only 81 closings.
Closed Sales cannot keep up with Active Listings in Downtown Miami, and in this video I break down exactly what happened in the Downtown Miami condo market in the 3rd Quarter of 2026:
Month by month, Year to Date (1st Quarter vs 2nd Quarter vs 3rd Quarter), and what it all means for buyers and sellers right now.
And here are the numbers...
đź“Š Total Closings:
3rd Quarter 2026 = 81
đź“Š Price Per Square Foot:
3rd Quarter 2026 = $602
đź“Š Median Sold Price:
3rd Quarter 2026 = $530,000
đź“Š Months of Supply:
3rd Quarter 2026 = 33
🏆 Top Sale of the Quarter:
$21.925 Million — a full-floor 5-bedroom Penthouse at 1000 Museum, over 9,000 square feet, at $2,383 per square foot. 1000 Museum continues to deliver some of the Highest Prices in Downtown Miami.
đź“Ť Born and raised in Miami, with 20 years of experience, I specialize in a select few neighborhoods and share real numbers and real data with you.
âť“ Questions about buying or selling in Downtown Miami? Reach out directly. I am always happy to help.
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