Miami-Fort Lauderdale-West Palm Beach, FL housing market

The median sale price in the Miami-Fort Lauderdale-West Palm Beach, FL metro area was $526K in May 2026, down 0.9% year over year, measured across homes that actually closed that month (Redfin — derived). The three months through May 2026 averaged $519K, holding steady against $515K across the three months before that. That puts prices 2.3% below the strongest three-month stretch on record here, which ended in Jun 2025 at $531K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $477K for Jun 2026, down 2.2% year over year.

Buyers had 42,704 homes to choose from in May 2026, down 6.2% year over year (Redfin — derived). At the current sales pace that standing inventory works out to 6.6 months of supply; convention treats four to six months as a balanced market, which puts Miami-Fort Lauderdale-West Palm Beach, FL on the buyers' side of it. 9,334 homes came to market in May 2026, up 2.8% year over year, against 6,465 closings, up 13.9% year over year. Homes that sold in May 2026 took a median of 82.2 days to go under contract.

Sellers were asking a median of $495K in Jul 2026, down 2.9% year over year (Realtor.com via FRED). Asking prices and closing prices never describe the same homes, so the gap between them reads as seller expectation rather than a discount available to buyers: in May 2026 the list median ran 5.2% below the closing median. Competition is measurable in the closings themselves: 9% settled above asking, and the average sale landed at 96% of its final list price. 21% of listings carried a price cut in May 2026.

This page tracks 17 monthly housing series for the Miami-Fort Lauderdale-West Palm Beach, FL metro area — median sale price, median list price, ZHVI home value, inventory (active), active listings, median days on market, and more — sourced from Realtor.com via FRED, Zillow ZHVI, Redfin — derived, running from Aug 2016 through Jul 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.