194 $10M-Plus Home Sales Put Miami-Dade on Record Pace
The pace tops the 2021 record, but the association calls it a pace, not a forecast, and overall home sales are down.
Miami-Dade recorded 194 home sales of $10 million or more through August 2026, according to the monthly statistical report from MIAMI REALTORS + RWorld, the MIAMI MLS and BeachesMLS. That is already 14.1% above the county’s full 2025 total of 170 such sales, with four months still left to count.
Why it matters
The count matters for what it does not yet say. MIAMI REALTORS calculates that at the current pace, Miami-Dade would finish 2026 with roughly 291 sales at $10 million and up, which would break the county’s 2021 record of 230. That 291 figure is an annualized projection built by extrapolating eight months of closings, not a count of sales that have happened, and it is not a guarantee about how the rest of the year plays out. For agents working the ultra-luxury tier, the underlying signal is real: buyers who can write eight and nine figure checks are still closing at a rate ahead of the pandemic-era boom. But the same report shows the broader market cooling, so the strength is concentrated at the top rather than spread across price points.
The numbers
Miami-Dade’s $10 million-and-up sales stood at 194 through August, up from 170 for all of 2025, a 14.1% year-over-year gain on that comparison. The prior annual record for the segment is 230 sales, set in 2021. Total home sales across the county came to 1,769 in August 2026, down 1.1% from a year earlier. Within that total, the median single-family home price was $680,000, up about 3.8% year over year, while the median condo price was $408,000, down about 0.5%. MIAMI REALTORS also cited a $228 million local economic impact tied to August’s 1,769 closings. That figure is not a measured number; it comes from applying the National Association of Realtors’ standard multiplier, which estimates a typical Florida home sale generates $129,000 in economic impact, to the month’s transaction count.
What’s next
The association’s next monthly report, covering September, is due in mid-October and will show whether the $10 million-plus pace holds through the traditional autumn slowdown or accelerates into the winter season when South Florida’s luxury buying typically picks up again. Whether the 291-sale projection proves out depends on four more months of closings that have not happened yet. Watch, too, whether the broader softening in total sales and condo pricing spreads upward, or whether the ultra-luxury tier keeps operating on its own cycle. For more South Florida housing data, see the South Florida hub.