The second quarter is typically Miami’s luxury condo high season, when buyers flock in, momentum surges, sellers receive multiple offers, and listings vanish in record time. In Q2 2025, however, the market moved to a different beat.
Prices pushed higher, but so did Days on Market and Months of Inventory, reflecting slower than expected sales. These mixed signals raise a major question: was this year’s high season simply delayed, waiting to surface later in the year, or was it denied altogether, signaling the start of a more cautious cycle for Miami’s luxury condo market.
In our latest video on Miami luxury condo market trends, Sep Niakan, top Miami luxury real estate agent and founding broker of Blackbook Properties and condoblackbook.com, brings you a mid-year market check on Miami’s $1M+ and $2M+ condo segments.
Tune in as we unpack what the numbers really mean, share price predictions, and spotlight where the real opportunities lie for buyers, sellers, and investors in the Miami luxury condo market in 2025.
What our Miami real estate market update video reveals:
- Q2 2025 sales, prices, Days on Market, and Months of Inventory data explained.
- Are Miami condo prices going down? What does that mean for buyers and investors?
- The state of the market by neighborhood.
- What’s behind the $2M+ condo market data.
- How current policy shifts could impact the market through late 2025 and into 2026.
Snapshot of Miami’s $1M+ condo market (Q2 2025 vs. Q2 2024):
- Sales volume down 9.9% (464 to 418)
- Median sales price up 10.1% ($1.75M to $1.93M)
- Median price/square foot up 3.1% ($996 to $1,027)
- Days on Market up 19% (79 to 94)
- Inventory up 28.1% (15.3 to 19.6 months)
At Blackbook Properties, we believe in bringing you data-driven insights to give you the clarity to navigate Miami’s luxury condo market with ease.
For a deeper dive—including the top-performing neighborhoods, most expensive zip codes, fastest-moving districts, and our expert predictions—access our Q2 2025 Miami Luxury Condo Market Report. It’s the most comprehensive resource for understanding exactly how the market performed this quarter.
Have questions or want tailored advice? Reach out anytime—we’re here to help you buy, sell, and invest with confidence.