Miami Real Estate Market Eric Firestone February 16, 2026
One of the most common questions sellers ask is, “How long should it take to sell my home?”
The honest answer is, it depends. But not in the vague way most people use that phrase.
The problem usually starts with the number sellers rely on.
Average days on market is exactly that, an average. It combines the fastest sales with the slowest sales and blends them into one number. By nature, that distorts expectations.
A much more useful number is the median days on market. The median tells you how long it takes most homes to sell.
Even that, however, is only half the story.
The proper way to evaluate timing is to look at the median days on market for homes that are truly comparable. Similar price range. Similar condition. Similar style. Similar micro market. Without that level of specificity, expectations become inaccurate.
For a broader breakdown of why homes fail to sell in the first place, read: Why Homes Don’t Sell in Miami (And What Actually Fixes It).
Looking at Miami as a whole is not helpful.
Take South Miami. Price ranges can stretch from very accessible condos to multi-million dollar homes. Lower priced homes naturally sell faster because more buyers can afford them. This pulls the general median down and makes the market appear faster than it may be for your specific property.
Pinecrest operates differently. While there are some lower priced properties, the concentration is in higher price ranges. Fewer buyers compete at those levels, so timelines are often longer.
Coral Gables offers a broader mix of condos and single family homes. That diversity can create moderate timing expectations overall, but even within Coral Gables, the differences between older condo buildings and historic single family homes can be dramatic.
For example, the general median time on market in Coral Gables may be around sixty days. But when isolating older condo buildings within that same area, the median may be closer to ninety days.
General numbers hide micro-market truths.
In my experience, you should know whether you are on the right track within the first twenty percent of the median days on market for comparable homes.
If the median for similar homes is ninety days, you should have clarity by around day eighteen.
An accurately positioned and priced home will show signs quickly. Scheduled showings, outreach from buyers or agents, meaningful engagement, these often begin within the first few days.
A lack of activity early on is data. It means expectations are not aligned.
Homes under one million dollars in Miami generally sell faster than those above it. Homes under five hundred thousand dollars often move even faster.
There are simply more buyers at lower price points.
As price increases, the buyer pool narrows. At higher price ranges, buyers move more deliberately. They compare more thoroughly. They feel less urgency because competition is lower.
This is normal and should be expected.
Luxury buyers are emotional enough to fall in love with a property, but disciplined enough to insert logic into the process.
They keep advisors close. They research extensively. They understand that time can be leverage.
Buyers in lower price ranges often do not have that luxury. If they hesitate, another buyer may act first. This creates urgency and faster timelines at the lower end of the market.
Yes, but less than pricing accuracy.
Miami tends to see increased buyer activity from mid winter through spring. Late summer and early fall often feel quieter.
However, a properly priced and positioned home will sell in any season. A mis-priced home will struggle in all of them.
If you want a deeper look at how seasonality affects timing, reference my article on the best time to sell your Miami home.
If your neighbor sold in twelve days, that does not mean yours should.
First, examine concessions. Did they offer credits? Was their home updated? Was it staged differently? What was their price relative to current demand?
Second, examine timing. A home that sold in 2022 operated in a very different market than one selling today. Back then, urgency was extreme. Today, strategy matters more.
Surface level comparisons rarely tell the full story.
Patience makes sense when your pricing and condition align with comparable homes and your timeline matches the true median for that segment.
Reducing price after ten days when comparable homes take ninety days to sell is often premature.
However, refusing to adjust when the data clearly shows misalignment becomes financially irresponsible.
There is a difference between patience and denial.
Do not rely on average days on market.
Look at the median.
Then go deeper. Make sure the homes used to calculate that median truly resemble yours in price, condition, style, and micro location.
Timing expectations built on broad numbers almost always lead to frustration. Timing expectations built on accurate comparisons lead to informed decisions.
It depends on price range, condition, and neighborhood. Rather than relying on average days on market, sellers should review the median days on market for comparable homes in their specific micro market.
The median varies by neighborhood and price range. South Miami, Pinecrest, and Coral Gables each behave differently. Looking at broad Miami wide numbers can distort expectations.
Yes. Luxury buyers move more deliberately and face less competition, which naturally extends timelines compared to lower price ranges.
Not necessarily. If comparable homes typically take sixty to ninety days to sell, reducing price after two weeks may be premature. Early activity levels should be evaluated before making changes.
Yes, but pricing and positioning are more influential than season alone. Homes priced accurately can sell in any season.
Differences in pricing, condition, concessions, and timing often explain faster sales. Each listing must be evaluated individually.
Miami Real Estate Market
Why Homes Don’t Sell
And When They Actually Do
Expired Listings
Selling a Home in Miami
(What the Data Is Really Telling You)
Expired Listings
And What Smart Sellers Do Next
Expired Listings & Failed Sales
Coral Gables Real Estate
(Especially Older Condos)
Pinecrest Real Estate
(And Why “Agent Networks” Aren’t Enough)
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today.