Miami-Dade Sets Record for $30 Million-Plus Home Sales in Nine Months
Miami-Dade County has set a new record for high-end home sales, with 24 transactions of $30 million or more through September 2026—surpassing the previous annual total from 2025 by nearly 15%. The county is projected to reach as many as 32 such sales by year's end. This surge reflects continued wealth inflows into South Florida’s ultra-luxury real estate market. While luxury home activity remains robust, mid-range condo sales near the $400,000 median price point have also seen a 15% increase in Miami compared to last year. However, overall total home sales declined by 2%, with single-family transactions down nearly 5%. Factors include rising mortgage rates and uncertainty due to hurricane threats. The market is heavily driven by cash buyers—82% of high-end condo purchases are all-cash—which indicates strong liquidity among investors.
Topics: $30 million home sales record luxury market growth Miami-Dade real estate