North Miami Market Update – May 2025

With 13.87 months of inventory and homes staying on the market for 68 days, North Miami is firmly in buyer’s market territory. Despite a high list-to-sold ratio of 97.2%, inventory and days on market are up significantly. A strong opportunity for buyers looking to negotiate favorable deals.

Sunny Isles Beach Market Snapshot – May 2025

Sunny Isles Beach shows 23.63 months of inventory, with homes taking an average of 98 days to sell. While median sold price has surged to $1.2M, buyer power is increasing due to sluggish turnover. Sellers are still closing at 93% of list price—indicating room for negotiation in this high-end market.

Miami Beach Market Insight – May 2025

Miami Beach remains a buyer’s market with 16.09 months of inventory and rising time on market (94 days). The median sale price dropped to $545,000—down nearly 30% month-over-month—giving savvy buyers a chance to enter the market below recent highs.

Bal Harbour, Bay Harbor Islands, Surfside – May 2025 Update

With 18.76 months of inventory and a $1.47M median sale price, this area is deep in buyer’s market range. Homes are moving slightly quicker this month (64 days), but elevated inventory and a 91.6% list-to-sold ratio suggest buyers have the upper hand in negotiations for now.