Miami's housing market in 2025 presents a tale of two realities. While mid-market residential properties across much of the state experience cooling conditions with rising inventory and price reductions, Miami's luxury segment—particularly properties exceeding $1 million—demonstrates remarkable resilience with strong sales velocity, limited supply, and sustained price appreciation.

This analysis examines Florida's cooling markets, Miami's luxury segment strength, and strategic implications for buyers and sellers operating in this two-tier environment. As you scan the headlines, you'll see one underlying truth: real estate is no longer just "buy low, sell high." It's guided by capital flows, migration patterns, data signals, legislation and emerging neighbourhoods.