Q4 2025 Miami Luxury Market Report | Sterling Luxury Estates

A comprehensive analysis of Miami's luxury real estate market performance in Q4 2025, including pricing trends, inventory levels, and neighborhood highlights.

Q4 2025 Miami Luxury Market Overview

The fourth quarter of 2025 capped a remarkable year for Miami's luxury real estate market. Despite rising interest rates and global economic uncertainty, the $3M+ segment demonstrated resilience and continued growth driven by domestic migration and international capital flows.

Key Metrics

Median sale price ($3M+): $5.2M (+8% year-over-year)
Total closed sales: 342 transactions (-3% from Q3, +12% YoY)
Average days on market: 67 days (-15% YoY)
Months of inventory: 5.8 (balanced market territory)
List-to-sale ratio: 96.2%

Single-Family vs. Condo Performance

Single-family homes continued to outperform condos in the luxury segment:

Single-family ($5M+): Median price up 11% YoY, inventory down 18%
Condos ($3M+): Median price up 5% YoY, inventory up 8% (new construction absorption)

The divergence reflects ongoing preference for privacy and space, particularly among domestic relocators from the Northeast and California.

Neighborhood Spotlight

Brickell/Downtown: New construction condo deliveries increased supply, but absorption remained healthy at 3.2 units per week in the luxury segment.

Miami Beach: Ultra-luxury oceanfront properties ($10M+) saw the strongest appreciation at 14% YoY, driven by extremely limited inventory.

Coral Gables: The most stable neighborhood with consistent pricing and strong family-oriented demand. Median luxury price held steady at $4.8M.

Buyer Profile

The buyer mix in Q4 2025 was approximately:

45% domestic relocation (primarily NY, NJ, CT, CA, IL)
30% international (Brazil, Argentina, Colombia, Mexico, Europe)
15% local move-up buyers
10% investors

Outlook for 2026

Heading into 2026, I expect continued strength in the luxury segment. Limited inventory in prime locations, ongoing domestic migration, and Miami's maturation as a global financial center all support sustained demand. Buyers should be prepared to act decisively when the right property appears.

For a personalized market analysis, don't hesitate to reach out. — Alexandra Sterling