Miami-Dade’s condo market in August 2025 showed a 10.8% rise in $1M+ sales and an 11.8% increase in $5M+ sales, reflecting strong luxury demand. However, total condo sales fell 13% due to high mortgage rates and limited supply. Older condos (30+ years) remain stable and affordable, aided by new state laws improving safety and financing options, despite some funding challenges. New construction and international buyer activity stay robust.
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