The pace of Miami home sales jumped 11.8% year over year in July to 6,479 transactions, representing one of the greatest increases among the 46 United States metros covered in the latest REMAX National Housing Report.  

Month over month, however, Miami sales were down 8.2%.

Nationally, home sales in the markets surveyed by REMAX rose 2.5% year over year and slipped 5.7% month over month. 

“This month’s data reflects the ever-changing real estate market in Miami,” said Anthony Askowitz, broker/owner of REMAX Advance Realty in Miami. “We had more sales in July as buyers found opportunities across a wider range of price points. Sellers are also becoming savvier and understand that they need to price appropriately if they don’t want their property to sit on the market. As agents, our focus remains on educating buyers and sellers on today’s market reality and what to expect in a given price range.”

Nationwide, the number of homes for sale in July rose 2.8% month over month and 4.7% year over year, marking the 31st consecutive month of annual gains. Months’ supply of inventory rose to three, up from 2.7 in June and 2.9 2025. New listings slid 2.7% month over month and climbed 1.4% year over year. 

The national median sales price rose 3.4% year over year to $450,000 and was flat month over month. The average close-to-list-price ratio was 99%, the same as in June and July 2025.