New Listings and Inventory Growth
This week, the South Florida real estate market saw a total of 2,095 new listings, a decrease from the previous week's 2,674 according to data from the MIAMI REALTORS® MLS. Despite this reduction, the overall active inventory grew by 1.9% from the prior week, now totaling 50,393 properties. This uptick in inventory suggests a slight easing of market tensions, providing more options for potential buyers.
Luxury Market Movements
In the luxury segment, 429 properties were newly listed with price tags surpassing $1 million, and 205 of these listings are priced over $2 million. The median days on market for active $1M+ listings remain at 69 days, indicating a steady pace for high-end properties.
Price Adjustments and Contract Activity
Price reductions were significant this week, with 7,394 reductions documented. Notably, 1,188 of these reductions occurred in the $1M+ category. This trend indicates that sellers might be adjusting expectations to align with buyer capabilities. Meanwhile, the number of homes currently under contract stands at 9,666, with 1,825 of these contracts involving properties priced at $1 million or more.
Sales and Pricing Trends
The week concluded with 728 sales, of which 132 were in the $1M+ bracket. The median closed price across all sales was $510,000. This figure provides a reference point for prospective buyers looking to understand the typical transaction values in the region.
Neighborhood Highlights
Lehigh Acres and OUTDOOR RESORTS AT NETTLES both saw the highest influx of new listings this week, each recording 7 new properties. The 1525 Residence also contributed significantly with 6 new listings. These neighborhoods are worth watching for those considering specific locales within the South Florida market.
Waterfront Properties in Focus
Active waterfront listings reached 21,464, with 956 new additions this week. The median asking price for these waterfront properties stands at $549,925, offering a range of options for buyers interested in the unique lifestyle these homes provide.
Takeaway for Out-of-State Buyers
For out-of-state buyers monitoring the South Florida market, this week's data suggests a moment to consider properties that have seen recent price reductions, particularly in the luxury segment. As new listings have dipped but overall inventory has increased, there might be a window of opportunity to explore options with more negotiating power. Buyers should review the attached data appendix for detailed insights into specific cities and price bands.
Consult the MIAMI REALTORS® MLS for additional information and updates on these market trends.
The week in numbers
All figures below are computed arithmetically from the MIAMI REALTORS® MLS feed for the week ending 2026-11-11 — counted and totaled by our systems, not written by AI. A dash (—) means there were too few data points to report a figure honestly.
By city
| City | Active | New (7d) | Median list | Median DOM | Closed (30d) | Median close (30d) | Months of inventory |
|---|---|---|---|---|---|---|---|
| Miami | 7,576 | 267 | $624,450 | 48 | 702 | $577,500 | 10.8 |
| Fort Lauderdale | 2,465 | 96 | $679,000 | 64 | 225 | $553,000 | 11 |
| Port St. Lucie | 2,104 | 88 | $425,000 | 58 | 291 | $399,999 | 7.2 |
| Miami Beach | 1,957 | 83 | $650,000 | 53 | 100 | $470,000 | 19.6 |
| Boca Raton | 1,705 | 99 | $570,000 | 49 | 275 | $650,000 | 6.2 |
| West Palm Beach | 1,679 | 83 | $315,000 | 57 | 209 | $385,000 | 8 |
| Hollywood | 1,516 | 51 | $478,389 | 56 | 110 | $478,500 | 13.8 |
| Delray Beach | 1,452 | 61 | $292,450 | 53 | 210 | $462,500 | 6.9 |
By price band
| Price band | Active listings | New this week |
|---|---|---|
| Under $500K | 27,084 | 1,112 |
| $500K – $1M | 13,178 | 527 |
| $1M – $2M | 4,849 | 213 |
| $2M – $5M | 3,413 | 137 |
| $5M+ | 1,868 | 64 |
By property type
| Type | Active | New (7d) | Median list |
|---|---|---|---|
| Single-family homes | 18,359 | 841 | $695,000 |
| Condos / townhouses | 29,632 | 1,101 | $368,000 |
Waterfront
21,464 active waterfront listings (956 new this week), median asking $549,925. 507 report no fixed bridges to open water.
Definitions: “New” counts listings that came on market in the last 7 days, whatever their status today. “Median DOM” is days on market across active listings. “Months of inventory” is active listings divided by the last 30 days of closings — under ~6 months generally favors sellers, over ~6 favors buyers. Medians and inventory are omitted below 5 closings.
