🏡 The Miami Market Minute

Issue #1 — December 07, 2025
"Your guide to Miami's housing market"

Miami's housing market is shifting, with the median home price now at $599,000, down 4.8% from last year. Buyers have more options, as active listings have increased by 11.2%, leading to an average of 89 days on market. With mortgage rates at 6.19%, it's a great time for those looking to make a move. This week's news about property-tax cuts could also impact homeowners, as the city navigates changes in funding for emergency services.

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💡 What This Means for You

• Your home's value: If you owned a home here last year, it's likely changed by about -4.8% based on the median listing price trend. In plain English: every $100,000 of value last year is now worth $95,231.
• Example: A home worth $629,000 last year? Probably worth $599,000 today (lost $30,000).
• For buyers: 10.0 months of inventory available — this is a buyer's market. You have time to shop, negotiate, and find the right home.
• For sellers: Higher inventory (10.0 months) means more competition. Price competitively, stage well, and highlight what makes your property special.
• Market speed: Homes are selling at a moderate pace (averaging 89 days on market).
• Financing: Current mortgage rates are at 6.19%. A $500K loan costs about $2,579/month in interest. Shop around.

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📊 Market Snapshot

Metric	Miami-Dade County / Overall
Median Listing Price 🔴	$599,000 (-4.8% YoY, +0.3% MoM)
Months of Supply 🛒	10.0 (+9.9% YoY, -4.3% MoM) (Buyer Market)
Days on Market 🐌	89 (+9.9% YoY, -4.3% MoM)
Price per Sq Ft 📉	$466 (-6.0% YoY, +0.2% MoM)
30-Yr Rate 🔻	6.19% (-0.08% YoY, -0.03% MoM)
Active Listings 📦	18,591 (+11.2% YoY)
New Listings 🔒	-5.6% YoY
Price Reductions 😰	16.0% YoY
Market Hotness 🧊	2.36 (-20.8% YoY, -2.6% MoM)

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🏗️ Supply & Development Analysis

• Housing Starts: 939 (-24.2% YoY)
• Building Permits: 780 (-41.1% YoY)
• Market Supply: 10.0 months

The decline in housing starts and permits suggests a tightening pipeline. With 10 months of supply on the market now, sellers may find reasonable leverage while buyers still have options.

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📊 Economic Fundamentals

• Unemployment Rate: 3.2% (+10.3% YoY) — low but rising.
• Per Capita Income: $84,302 (+7.2% YoY) — improving affordability.
• Market Classification: High supply (buyer market); 10.0 months inventory.

Jobs remain stable and incomes are rising, which helps affordability, but the elevated supply keeps leverage with buyers for now.

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📰 Market News Roundup

Headlines shaping the week:

1. Real Estate Lines Up Behind Higgins In Miami Mayoral Runoff — Bisnow Miami, 2025-12-08
2. Integra pitches $386M deal to remake Miami-Dade public housing site — The Real Deal, 2025-12-05
3. Towers in Sunny Isles Beach are sinking more than engineers expected — The Real Deal, 2025-12-05
4. Ortsac buys Pembroke Pines multifamily at discount for $53M — The Real Deal, 2025-12-05
5. Property-tax cuts move forward despite worries over emergency services — The Real Deal, 2025-12-04
6. D.R. Horton’s south Miami-Dade blitz to bring Florida City townhomes — The Real Deal, 2025-12-04

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📋 Data Sources & Methodology

• Prices & Activity: FRED MEDLISPRI12086, ACTLISCOU12086, MEDDAYONMAR12086, DESCCOUNTY12086, MEDLISPRIPERSQUFEE12086, NEWLISCOUYY12086, PRIREDCOUYY12086; months of supply derived from DOM-based calc; mortgage rates MORTGAGE30US.
• Supply & Construction: FRED MIAM112BPPRIV, MIAM112BPPRIVSA.
• Economic: FRED MIAM112UR; income from MIAM112PCPI.
• Data dates: mortgage 2025-12-04; inventory September 2025; starts/permits August 2025; income 2023 annual.

Compiled December 07, 2025. Data deemed reliable but not guaranteed.