Miami condo market data

Miami Condo Data · Midtown

A monthly, citable snapshot of the Miami condominium market: sales volume, prices, and building-inspection pressure across the neighborhoods own.miami tracks.

For Mar 2026Every condo sale across 1 tracked Miami neighborhoods.
Neighborhood
Press kit

March 2026, ready to quote

The month in sentences you can paste straight into a story: each copy carries its citation.

  1. 1
    The number of closed condo sales in Midtown has risen year over year for 5 consecutive months, reaching 13 in March 2026 (+18.2% vs. a year earlier).

    The numbers: March 2026: 13 (n = 13 sales) · March 2025: 11 (n = 11 sales)

  2. 2
    Condo sales volume in Midtown jumped 87.1% from February 2026 to $8.24M in March 2026.

    The numbers: March 2026: $8.24M (n = 13 sales) · February 2026: $4.41M (n = 7 sales)

  3. 3
    The top Midtown condo sale of March 2026 was $1.63M at One Bay (Midtown).

    The numbers: One Bay · March 2026 · top sale: $1.63M

Cite as
Source: own.miami Data Room, March 2026, https://own.miami/data/2026-03?n=midtown
Permanent link to this month
Condo sales volume
$8.24M
+87.1% vs. prior month+5.9% YoY
Closed sales
13
+85.7% vs. prior month+18.2% YoY
Median sale price
$585K
+7.3% vs. prior month−17.6% YoY
Median price / sq ft
$553/sqft
−2.3% vs. prior month−18.4% YoY
Median days on market
105
Active inventory
—
Months of supply
—

Source: Own Miami, https://own.miami/data

Based in part on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period November 1, 2023 through November 1, 2026.

Market movers

Standout activity this month across the condos we track, free to quote.

Only on own.miami

Verified-records datasets

Numbers nobody else publishes: read from the Miami-Dade Clerk, the court docket, Florida DBPR, HUD and the VA, building by building, then rolled up. Aggregates only, never a loan, lender, buyer, party or unit.

Live snapshot as of Nov 1, 2026, not tied to the report month.

How Miami condo buyers pay

From mortgages and deeds recorded over the last 12 months in 9 tracked condo buildings.

Sales with a bank purchase mortgage
36%
144 of 400 recorded sales
Median down payment
35%
across 144 bank purchase loans
Financed buyers putting less than 20% down
5.6%
the rest put 20% or more down
First mortgages from private or non-bank lenders
20%
of 226 first mortgages recorded
Down payment accepted by regulated lenders
Under 10%
2.8%
10–19%
2.8%
20–29%
16%
30–49%
70%
50% or more
8.3%

Government-backed loans: 0 of 16 buildings are on HUD’s FHA-approved condo list today and 1 on the VA’s; 1 FHA or VA loans were recorded in 12 months.

8 of 9 buildings are financeable at ordinary terms (Financeability Index strong or good). Building-by-building financeability →

The bank-financed share is a floor: a loan we could not pair to its deed is not counted, so “no bank mortgage” includes cash, private and seller financing. Down payments are read from loans a regulated lender wrote and paired to the sale price.

Checked against the public record

9 buildings were searched in the Miami-Dade Clerk’s official records and Florida DBPR within the last 90 days.

Came back clean
56%
5 of 9 buildings: no liens, lawsuits or regulatory complaints on file
Something on file
4
4 buildings with at least one reviewed adverse record
  • Special assessment in force (per the building’s own listings)fewer than 3
  • Listings state no special assessmentfewer than 3
  • City of Miami 40-year recertification 2+ years overdue or plan lapsedfewer than 3
  • City of Miami 40-year recertification completedfewer than 3
  • Open or disciplined DBPR complaintfewer than 3

Liens, lis pendens and association collections count toward a building’s verdict but are never published by kind or by building. Every reading is reviewed before it counts.

What condo associations are in court over

Civil cases involving the associations of 7 buildings, from the Miami-Dade court docket, classified by type and reviewed.

Buildings with an active building lawsuit
0
0 active cases
  • Construction-defect, structural or developer suitsfewer than 3
  • Only routine liability (slip-and-fall, employment)fewer than 3

Florida DBPR, the condominium regulator: 3 of 9 associations drew a complaint in 36 months: 3 complaints, 0 still open, 0 closed with discipline.

Counts only. Cases still awaiting review are left out, and types seen in fewer than 3 buildings are not shown. DBPR investigations are confidential and never counted.

Cite as: own.miami Data Room, Nov 1, 2026 (CC BY 4.0).

Year to date

Through Mar 2026
Condo sales volume
$16.05M
+13.6% YoY
Closed sales
26
+23.8% YoY
Median sale price
$548K
−19.5% YoY
Median price / sq ft
$559/sqft
−19.2% YoY

Median sold price per sq ft, monthly

$524$629$735Apr 2024Aug 2024Dec 2024Apr 2025Aug 2025Dec 2025

Source: Own Miami, https://own.miami/data

Based in part on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period November 1, 2023 through November 1, 2026.

own.miami Condo Index

Our proprietary index prices every condo building per square foot against the market: 100 = the median Miami building ($713/sqft), 200 = twice that. Median building in this view: 107.

BuildingNeighborhoodIndexMomentum$/sq ft
NoMad Residences WynwoodMidtown1600$1,190/sqft
The Standard Residences MidtownMidtown1580$1,156/sqft
One BayMidtown110-75$805/sqft
Hyde MidtownMidtown109-21$768/sqft
QuadroMidtown107+44$764/sqft
Midtown 2Midtown88+62$612/sqft
Four MidtownMidtown86-39$592/sqft
Baltus HouseMidtown82+33$564/sqft

Building health

Special-assessment outlook across tracked towers, as shown on each building page, building age under Florida SB-4D, active-listing disclosures and verified public records (a City of Miami recertification on file moves a tower out of Elevated). An estimate, not an inspection finding. The median is the Health axis of the own.miami Building Score.

Clear · 6 Watch · 3 Elevated · 0Median health score: 97

Buildings facing structural milestone inspections

0 of 9 tracked condo towers hit a Florida SB-4D inspection milestone within 2 years: 0 facing a first 25-year inspection and 0 due for a recurring 10-year review.

Tracked towers by decade built
2000s
3
2010s
4
2020s
2

A milestone is a mandated inspection deadline set by a building’s age, not a finding that a building is unsafe. Estimate from public building age under Florida SB-4D (coastal Miami: first milestone at 25 years, then every 10). Not an inspection record, verify any specific building with its association.

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For journalists

Figures are compiled from Miami MLS closed-sale records for condominiums at every price across the 1 neighborhoods own.miami tracks: the whole condo market, not only the listings on own.miami, which start at $450K. Each sale is counted once (per MLS listing) in the calendar month it closed. Sales volume is the sum of closed prices; medians are per closed sale. Month-over-month and year-over-year changes are shown only when both months cover the same neighborhoods, where a neighborhood’s full history starts later, the comparison is withheld rather than letting the change in coverage pass for a market move. Active inventory is live: condos listed for sale today at every price, excluding towers not yet delivered; months of supply divides it by the average monthly resale closings over the 12 months ending with the report month. Building health follows each building page: age under Florida SB-4D (first milestone at 25 years on the coast, then every 10) plus verified public records such as a City of Miami recertification on file.

This data is free to cite and republish with attribution to Own.Miami (own.miami).

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Updated Mar 2026 · Source: Own Miami, https://own.miami/data

Based in part on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period November 1, 2023 through November 1, 2026.