As of April 2026, the South Florida housing market is split. The broad Miami-Dade median sale price sits at $573,398 (-2.3% year over year), with 7.6 months of supply and a 90-day median time on market, per the Redfin Data Center. At the same time the Miami luxury tier median reached $4,957,799, up +12.8% year over year. Below are live charts I pull straight from Redfin's public dataset so you can see the trend, not just one month.
South Florida median sale prices were flat to slightly down in April 2026 while the luxury tier climbed. Source: Redfin Data Center.
This page is a living dashboard, not a one-time snapshot. Every chart below is built directly from the public Redfin Data Center, the same aggregated market series Redfin publishes for the country, filtered down to the three South Florida counties I work in every day: Miami-Dade, Broward, and Palm Beach. When Redfin posts a new month, I refresh these numbers, so the trend lines stay current rather than going stale.
One note on what this is and what it is not. These are Redfin's published market aggregates, not MLS or proprietary brokerage data, and any month where Redfin reported no value shows as "unavailable" rather than a guessed number. If you want a building-specific or unit-specific read on top of this market context, that is the conversation to have with me directly.
The Luxury Tier Is Pulling Away From the Broad Market
The single clearest story in the South Florida data right now is the gap between the broad market and the luxury tier. Redfin tracks a separate luxury series (the top price bucket) on a rolling three-month basis. In the Miami metro, that luxury median reached $4,957,799, up +12.8% from $4,396,028 a year earlier. Over the same window the broad Miami-Dade median was -2.3% year over year. When the top of the market rises double digits while the middle is flat to down, that is a flight to quality, and it is exactly what I see in the branded and waterfront product I track.
The luxury tier also moves slowly. The Miami luxury median time on market was 142 days, far longer than the broad market, because trophy and high-end inventory trades on a longer arc with fewer buyers in the queue at any moment. That is normal at the top of the market and is not a sign of weakness on its own.
County Median Prices and the Year-Over-Year Picture
Across the broad market, the three counties are clustered but not identical. As of April 2026, the Miami-Dade median sale price was $573,398 (-2.3% year over year), Broward was $458,170 (+0.7%), and Palm Beach was $523,538 (-0.3%). Broward is the most affordable of the three on a median basis, and the year-over-year movement is modest in every county, which is consistent with a market that has stopped climbing fast but has not broken.
Inventory, Months of Supply, and Days on Market
Supply is the variable to watch. Months of supply measures how long it would take to sell every active listing at the current pace; six months is the rough line between a buyer's and a seller's market. As of April 2026, Miami-Dade was at 7.6 months, Broward at 6.9, and Palm Beach at 5.5. Days on market tell the same story from a different angle: Miami-Dade sat at 90 days, Broward at 81, and Palm Beach at 79.
For buyers, more months of supply and longer days on market mean more room to negotiate, especially on resale inventory in older buildings. For sellers, it means pricing correctly on day one matters more than it did during the rapid-appreciation years. The next chart shows where that pressure is already turning into price cuts.
Price Drops: Where Sellers Are Cutting
Redfin also tracks the share of active listings that have cut their price. As of April 2026, 15.1% of active Miami-Dade listings had a price drop, with 2,991 drops recorded and an average cut of 4.5%. Palm Beach ran a touch higher at 19.3% of active listings. A rising price-drop share is one of the earliest signals that a market is shifting toward buyers, and it tends to lead the median-price numbers by a few months.
County-by-County Snapshot Table
The table below is the latest single month Redfin reported for each county. Any cell shown as "unavailable" was missing in the source and has not been estimated.
| County | Median Sale Price | YoY | Homes Sold | Active Listings | Months of Supply | Median Days on Market |
|---|---|---|---|---|---|---|
| Miami-Dade County | $573,398 | -2.3% | 2,172 | 19,812 | 7.6 | 90 |
| Broward County | $458,170 | +0.7% | 2,341 | 19,766 | 6.9 | 81 |
| Palm Beach County | $523,538 | -0.3% | 2,475 | 16,814 | 5.5 | 79 |
Data source: Redfin Data Center. Last verified June 4, 2026.
How to Read This Data, and What It Cannot Tell You
County and metro aggregates are the right tool for understanding direction: are prices rising or falling, is supply tightening or loosening, are sellers cutting. They are the wrong tool for pricing a specific unit. A single oceanfront line in one building can move opposite to its own county in the same month. That is why I use this Redfin context as the backdrop and then run a building-level and unit-level analysis on top of it before any client makes an offer.
The market data tells you which way the current is running. It does not tell you which unit to buy. I use the county trend to frame the decision, then the building's own reserves, sponsor, and comparable sales to make it.
Gerardo Gonzalez, Licensed Real Estate Agent at Compass
Related Reports and Guides
- Miami $5M+ Ultra-Luxury Condo Market 2026
- Q2 2026 Miami Pre-Construction Market Report
- Buyer's Guide to Miami Pre-Construction 2026
- South Florida Neighborhood Guides
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