Miami-Dade breaks $30 million home-sales record as broader activity slows

Miami-Dade County recorded 24 home sales of at least $30 million through September, exceeding its previous full-year record, while Palm Beach County matched its 2025 total in the same price bracket. The figures, released October 16 by MIAMI REALTORS® + RWorld, show strength at the top of a housing market with more uneven activity below it.

The contrast extends to condominiums. Miami-Dade reported more September closings in the $300,000-to-$400,000 bracket, and Broward recorded a small increase in the $500,000-to-$600,000 range. Those gains offer a more specific picture for buyers and brokers than a single description of the South Florida market.

Miami-Dade's September report counts both single-family homes and condominiums in its $30 million-plus category. Its 24 transactions through nine months surpassed the 21 recorded during all of 2025. The association projects 32 by year-end if the current pace continues.

That activity coincided with fewer overall monthly transactions. Miami-Dade's total September home sales fell from 1,769 a year earlier to 1,733, a decline of about 2%. Within condos priced from $300,000 to $400,000, however, closings increased from 159 to 182, or approximately 14.5%.

Palm Beach County's release similarly separates ultra-luxury momentum from the wider market. Its 21 sales of at least $30 million through September equaled the previous full year's total. The association's pace-based forecast calls for 28 by the end of 2026; that remains a projection.

September transactions across Palm Beach County declined from 1,980 to 1,914, down approximately 3.3%. Single-family sales fell from 1,163 to 1,132, while condo closings decreased from 817 to 782. A record at one end of the price spectrum therefore coexists with lower transaction counts across both major property types.

Palm Beach's median condo sale price increased from $300,000 to $310,000, according to the association. Its single-family median rose from $615,000 to $656,000. These price measures add context alongside the lower number of completed sales.

The distinction matters when comparing periods. The luxury figures cover nine months, while the broader sales figures compare September with September. Together they describe different slices of activity rather than one uniform change in demand.

Broward's release reports 43 September condo sales between $500,000 and $600,000, compared with 40 a year earlier. The increase amounts to three transactions, or 7.5%. That is a modest gain in a defined price band, with a small base behind the percentage.

The same report places Broward condo inventory at 10.2 months of supply, compared with 4.2 months for single-family homes. Using the association's six-to-nine-month definition of balance, it characterizes condos as a buyer's market and single-family homes as a seller's market.

For professionals evaluating a purchase or listing, the useful comparison is consequently county, property type and price bracket together. The reports show that stronger activity in a selected segment can sit alongside softer monthly totals or more available condo supply.

The association notes that its sales totals largely exclude new construction, preconstruction and condo conversions because those transactions are generally outside the multiple listing service data. Subsequent monthly releases will show whether the narrow gains persist and whether the projected ultra-luxury totals are reached.