Week of January 28, 2026

Latest trends, data, and headlines shaping the market right now.

By Andrei Joseph |

🏙 Miami Luxury Market Takes Over

Miami now has more $1M+ home listings than New York City — a clear sign of market depth and global demand for high-end real estate. Luxury inventory has surged while out-of-state (especially Northeast) buyers keep driving turnout.

💎 West Palm Beach’s Luxury Surge

Luxury homes in West Palm Beach are seeing some of the fastest price growth in the U.S., up nearly 187% over the last decade — far outpacing markets like NYC.

💰 $10M+ Sales Remain Strong

South Florida recorded the second-highest number of $10M+ home sales in history in 2025, indicating sustained ultra-luxury demand despite broader affordability pressures.

🚧 Major Developments Breaking Ground

Miami is moving forward on mixed-use luxury, affordable housing, and a new hospital project, blending growth across sectors — healthcare, housing, and premium real estate.

📈 Regional Sales Trends

Local real estate continues positive momentum: single-family home sales and condo transactions climbed in Miami-Dade and Broward late last year — backing optimism for 2026.

📊 Market Trends & Data You Need to Know

📈 Sales Activity & Buyer Power

• Southeast Florida saw double-digit annual sales growth in December 2025, with single-family sales up ~14% YoY and condo sales also climbing.

• Pending home sales in the Miami metro rose ~6.3% YoY — a signal that buyer interest continues into early 2026.

🧠 Andrei’s Insight: Buyers currently have rare leverage — a mix of inventory, steady rates, and seasonal market softness means stronger negotiation power than we’ve seen in years.

🏘 South Florida Buyer’s Market — For Now

According to Redfin data, several South Florida cities (including Fort Lauderdale, Miami, and West Palm Beach) rank among the nation’s strongest buyer’s markets due to ample supply relative to active buyers.

Why this matters:
✔ Sellers may need to sweeten terms or competitive pricing
✔ Investors should track neighborhoods with mid-tier price momentum
✔ Buyers can shop with more options and less bidding war pressure

📌 Regional Highlights – What’s Moving

🌴 Miami

• Luxury dominance continues — particularly in waterfront and high-end condo segments.

• Buyers under contract are ticking up, suggesting seasonal confidence.

🛥 Broward County

• Single-family and condo sales climbed in late 2025, pointing to strong sustained demand.

🏖 Palm Beach

• New oceanfront luxury condos are breaking ground for the first time in years — a bet on long-term coastal resilience.

💡 Actionable Strategies This Week

📌 For Buyers

• Shop $400K–$800K segments where inventory is most balanced and sellers show flexibility.

• Request 2026 financing projections now — a slight dip in average mortgage rates is starting to pull buyers off the sidelines.

📌 For Sellers

• Highlight luxury appeal & lifestyle assets in listings — South Florida’s top tier continues to outperform.

• Price based on historic demand corridors (Brickell, Coconut Grove, Boca Raton) where migration and tax advantages matter.

📌 For Investors

• Monitor ultra-luxury migration from the Northeast; luxury condos and estates continue absorbing capital.

• With strong affordable housing developments underway, look for rental yields near new workforce housing clusters.