Many buyers are waiting for the right opportunity, but the expected rebound (already observed at the end of 2025) in Miami-Dade, Broward, and Palm Beach counties could reshuffle the deck and give sellers a little breathing room. The drop in the 30-year interest rate seems to have revived the market.
According to J.C. de Ona, president of Centennial Bank’s Southeast Florida branch, interviewed by Catherine Odom for the Miami Herald, the adjustment will be small and buyers will still have some leverage in 2026. Buyers could be in a good position to negotiate and find good deals as long as the market remains calm.
Caution: heterogeneous market
As we know, the market for condos and townhouses is evolving completely differently from that of single-family homes. Peter Zalewski, an expert in the South Florida condo market and owner-broker of Condo Vultures Realty, has a pessimistic outlook for 2026. He believes that a crash in the apartment market is imminent. Not everyone shares this view.
One advantage is that prices are falling and are expected to continue to do so, especially since laws require owners/sellers and HOAs (Home Owners Associations) to be more transparent. According to the Miami Association of Realtors, new legislation has already driven prices down, particularly for buildings over 30 years old. There are some great deals to be had, and sales of condos priced between $200,000 and $400,000 were up sharply by 21% in November 2025 compared to November 2024 in Miami-Dade. In fact, they remained on the market for only 66 days, compared to 81 days for newer buildings. It seems that the age of buildings no longer deters well-informed buyers.
Another trend that is likely to continue, according to developer Isaac Toledano of the BH Group, is the takeover of old buildings by developers willing to tear down towers and replace them with newer, more modern constructions.
Middle class and micro-units
It is difficult for the middle class to find housing in Miami. The Live Local Act of 2023 promises tax breaks to real estate developers who allocate part of their construction to affordable housing. According to de Ona, we should see more and more mixed-use projects of this type in 2026.
In fact, at the end of December, the city of Miami approved plans for a building that will have micro-apartments measuring 320 sqft (29.7 m2).
The luxury condo market is expected to remain strong
Miami and South Florida are increasingly attractive to entrepreneurs who want to settle in the sun and in an economic and tax climate conducive to business. The luxury condo segment will be boosted by the 2026 FIFA World Cup, as well as the construction of Citadel’s headquarters.
In December 2025, Ken Griffin received the green light from the city to build a luxury tower in the Brickell neighborhood, which is sure to attract a high-end clientele interested in new or modern properties. The 54-story tower will include a hotel, offices, restaurants and shops, a gym, and a public pedestrian walkway along the waterfront.
