Miami-Dade Housing Sales Plunge 47% Amid Market Slowdown

Analysis of the Miami-Dade County housing market shows that total home sales have dropped by 47 percent, falling from approximately 3,600 in August 2021 to roughly 1,900 in August 2026. While sales have declined sharply, home values in the county have remained flat over the last year and are up more than 13 percent since 2022. The National Association of Realtors noted that ordinary buyers are struggling with high housing costs.

The housing slowdown, driven by low demand and rising mortgage costs from interest rate hikes, is viewed by economists as a potential trigger for a recession. The decline in sales precedes a potential fall in prices, which in turn impacts broader economic activity in Miami-Dade County.