Miami-Dade Hits 194 $10M+ Home Sales Through August, on Pace for a Record
Miami-Dade recorded 194 home sales of $10 million or more through August 2026, according to MIAMI REALTORS® + RWorld. That is already 14.1% above the 170 recorded in all of 2025. At the current pace, the association projects about 291 by year-end, which would top the county’s 2021 record of 230.
Key figures
| Miami-Dade $10M+ home sales | Figure |
|---|---|
| Through August 2026 | 194 |
| Full-year 2025 | 170 |
| Year-to-date vs. full-year 2025 | +14.1% |
| 2026 year-end projection at current pace | About 291 |
| Previous annual record | 230 (2021) |
Source: MIAMI REALTORS® + RWorld, Sept. 16, 2026. The ~291 figure is a projection from the year-to-date pace, not a count of closed sales.
What did MIAMI REALTORS® report?
The figures come from August 2026 statistics released Sept. 16 by MIAMI REALTORS® + RWorld and compiled with the MIAMI MLS and BeachesMLS. The release was distributed by PR Newswire; KeysNews separately reported the record pace on Sept. 24.
“Miami and South Florida continue to break real estate records,” Alfredo Pujol, Chairman of the Board for MIAMI REALTORS® + RWorld, said in the release. “A banner year even with elevated mortgage rates.”
“From Miami to Palm Beach, properties in great locations with water views are selling at top dollar. This is a great time for Miami, as innovative projects and new developments are changing our landscape and demanding top dollar,” said Seth Semilof.
Is the whole Miami-Dade market this strong?
No. The same release shows a more mixed picture in August 2026:
| Miami-Dade, August 2026 | Figure | Year over year |
|---|---|---|
| Total home sales | 1,769 | −1.1% |
| Single-family sales | 858 | −3.1% |
| Condo sales | 911 | +1% |
| Total dollar volume | $1.6 billion | −2.7% |
| Single-family dollar volume | $985 million | −3.45% |
| Condo dollar volume | $661 million | −1.51% |
The association attributed the decrease in total sales to “elevated mortgage rates and lack of inventory in certain price points.” Freddie Mac’s 30-year fixed-rate mortgage averaged 6.67% in August and stood at 7.17% on Sept. 15, according to the release. Meanwhile, condo sales near the $500,000–$600,000 median price range rose 32% year over year.
UBS’s Global Real Estate Bubble Index 2026, released Sept. 22, said Miami—ranked highest for bubble risk in the previous two editions—had fallen back into the elevated-risk category. UBS cited affordability pressures and high borrowing costs, while noting that migration from higher-cost U.S. states and sustained luxury-market activity continue to support prices.
Why cash matters at the top
MIAMI REALTORS® says 82% of Miami’s $1 million-and-up condo sales were all-cash in 2025. In August 2026, cash sales represented:
- 37.8% of all Miami closed sales, up from 35.6% a year earlier
- 50.5% of existing condo sales
- 24.2% of single-family transactions
Cash buyers are less directly exposed to mortgage-rate changes. Their presence at the top end helps explain how $10M+ sales can rise even as overall monthly sales soften.
What does the 194 figure leave out?
New construction. MIAMI REALTORS® notes that the MLS totals do not include South Florida’s new-construction, pre-construction and condo-conversion sales because they are largely not reported in the MLS. For the development pipeline, see Haute Residence’s South Florida New Construction Scorecard 2026.
Different methodologies. Haute Residence’s monthly Market Reports track recorded residential closings of $3 million or more in Miami-Dade and Palm Beach counties using ATTOM deed records and press-verified deals. Because that method differs from the MLS count, the figures will not match line for line. For a comparison of the two counties’ top end, see West Palm Beach vs. Miami at $10 Million.
Frequently asked questions
How many $10M+ homes sold in Miami-Dade through August 2026?
194, according to MIAMI REALTORS® + RWorld—14.1% above the 170 recorded in all of 2025.
What is the Miami-Dade record for $10M+ home sales?
230, set in 2021. At the current pace, the association projects about 291 in 2026.
Are Miami-Dade home sales up overall?
No. Total sales fell 1.1% year over year in August 2026, to 1,769. The association cited elevated mortgage rates and limited inventory at some price points.
Does the count include new-construction condos?
No. The release says new-construction, pre-construction and condo-conversion sales are largely not reported in the MLS and are not included.
Who compiled the numbers?
MIAMI REALTORS® + RWorld, with the MIAMI MLS and BeachesMLS, in its August 2026 statistics released Sept. 16.
Sources
- MIAMI REALTORS® + RWorld, “Miami-Dade On Pace to Shatter $10M+ Home Sales Annual Record,” Sept. 16, 2026
- PR Newswire, release copy, Sept. 16, 2026
- KeysNews, “Miami-Dade expects to set record with $10M+ home sales,” Sept. 24, 2026
- UBS, Global Real Estate Bubble Index 2026, Sept. 22, 2026
Haute Residence is the real estate intelligence and listings platform of HL Real Estate Group, a licensed Florida real estate broker affiliated with Haute Living. HL Real Estate Group abides by equal housing opportunity laws.