Florida’s luxury housing market saw strong growth in early 2026, with multimillion-dollar home and condo sales rising sharply despite high mortgage rates. Sales of single-family homes priced $5 million to $10 million increased over 31%, while luxury condos and townhouses above $1 million rose 41%. The $3 million to $5 million condo segment surged nearly 69%, driven by affluent buyers, investors, and second-home purchasers.
Florida condo and townhouse closings ↑~7% yearly in Early-Q2, >2x single-family gains, giving agents a…
Miami-Dade sales ↑>5% yearly in Early-Q2, marking eight straight mo of gains across total home…
Statewide existing single-family closings hit 24.1K in Early-Q2, ↑~2% yearly, while condo-townhouse closings reached 9.3K,…
Florida's housing inventory levels resemble the balanced conditions from 2014-2020 rather than the oversupply seen…
Miami-Dade home sales rose over 5% year-over-year, with single-family homes up 8% and condos nearly…
Florida's housing market has seen eight consecutive months of year-over-year sales growth. April closed sales…