We’re back with our analysis of Miami’s Luxury Condo Market in 2025, continuing our tradition of looking past the headlines to give you expert analysis based on our exclusive market data. We’re unpacking what’s really happening in the Miami real estate market—and what Miami real estate trends you, as a buyer, seller, or investor, need to know right now, in 2026.
Miami’s luxury condo market closed 2025 with a new benchmark: annual prices crossed the $1,000 per square foot for the first time, with a 4.5% year-over-year gain. But do these headline numbers truly reflect what’s happening on the ground? We don’t think so.
Watch Sep Niakan, luxury real estate expert and founding broker of Blackbook Properties, break down the data behind the headlines to reveal what’s really happening in Miami’s luxury condo market.
We answer the questions that matter most to you, as a luxury condo buyer, seller, or investor in 2026, along with an honest evaluation analysis of the trends we got right—and those we missed.
Latest Miami Luxury Condo Market Overview & Forecast
Here are some of the major questions and topics we’ve covered in the new video:
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Did Miami’s luxury condo market crash in 2025?
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Are the price stats lying to us?
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What inventory is driving today’s buyer’s market and will the balance shift in 2026?
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How are pre-construction sales quietly changing the luxury condo market landscape?
Plus You’ll Learn:
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How newer vs. older buildings performed in 2025 and what that signals for 2026
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Some of our luxury condo market predictions for 2026
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The forces are attracting billionaires from around the world to Miami
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How to best navigate the 2026 luxury condo market
Miami’s $1M+ Condo Market Annual Stats (2025 vs. 2024)
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Sales down -2.5% (1,504 to 1,464)
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Price/Square Foot up 4.5% ($986 to $1,030—record-high)
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Days on Market up 12.8% (78 to 88)
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Inventory up 30.6% (17.6 to 23 months)—buyer-friendly market
More essential data and expert opinion are waiting for you in our video on Miami luxury condo market trends in 2025 and 2026.
Pro Tip: for more insights into the best-selling neighborhood, fastest-selling district, priciest zip code, and a neighborhood-by-neighborhood breakdown of all the annual and quarterly stats, we recommend reading our Q4 2025 Miami Luxury Condo Market Report. This is your trusted resource for a nuanced, data-driven understanding of what shaped the market across the city in 2025 and where the market is headed in 2026.
At Blackbook Properties, we combine market data with real-time insights to give you a strategic edge. Make your next move in Miami real estate a power move by connecting with our luxury condo experts for tailored advice.