Miami Beach Condo Market Update (2026)

The Miami Beach condo market has shifted compared to previous years. Inventory levels are higher, buyer urgency has softened, and results oriented proficient realtor is now more important than ever.

Condos in North Beach, Mid-Beach, and South Beach are taking longer to sell, especially in buildings with higher condo association fees, older construction, or upcoming special assessments. Buyers are more selective and are focusing heavily on total monthly ownership costs rather than just purchase price.

For sellers, this means that proficient real estate agent with efficient sophisticated marketing, correct pricing and local market knowledge are critical. Properties with inferior marketing that are priced based on past market conditions often sit, while realistically priced units with proper exposure continue to attract serious buyers.

For real estate buyers, same analogy applies, to find the best deals in the current market, you want a realtor who knows where the best deals are and how to negotiate.

What This Means for Miami Beach Condo Owners

If you own a condo in Miami Beach and are thinking about selling, understanding current buyer behavior is key. Today’s buyers carefully review condo association financials, monthly dues, insurance requirements, building age, and rental policies before making decisions.

A strategic approach can make the difference between selling within weeks versus sitting on the market for months.

If you’d like a realistic opinion of your condo’s value in today’s market, feel free to contact me for a no-pressure conversation.

Email or text me with the info below and I’ll personally review it to see if we’re a good fit to work together.

- First and last name

- Email

- Phone

- Budget

- Areas (South Beach / Mid-Beach / North Beach / Not sure/ somewhere else)

- What is your timetable and requirements for the property you want to buy or if it's a listing please provide the address

Tom Kolehmainen licensed Florida Realtor with London Foster Realty. Residential and commercial real estate in Miami Beach and adjacent cities. Known for direct communication, results-oriented, building-level insight, and honest guidance.

Text or call : (305) 354-0594

Email: Tom@BestRealtorNearYou.com