MIAMI — Martin County total home transactions, single-family and condo sales increased year-over-year, according to December 2025 statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS).
Martin County total home sales increased 33% year-over-year; single-family rose 30.11% and condo sales increased 41.10%.
“More and more people are learning why Martin County and Stuart real estate offer an award-winning small-town lifestyle with proximity to a growing metropolis,” JTHS-MIAMI President Jaime Kriske said.
South Florida market fundamentals point to more growth in 2026:
- Rising Population: Florida gains a new taxpayer every two minutes. California loses a taxpayer every minute via the National Taxpayer Union Foundation
- Job Growth: Over the six-year period from August 2019 through August 2025, the Miami MSA saw a cumulative 9.5% increase in non-farm employment compared to 5.5% nationally.
- Rising Multifamily Permits: Miami ranks No. 7 in the U.S. in multifamily permits via Miami had 10,695 multifamily units permitted year-ending August 2025, a year-over-year increase of 43.9%.
- Rising Wealth Migration: Out-of-state job movers typically earn more in the destination job in the Miami Metro Area than in-state job switchers, led by job movers from Washington ($190,656), and California ($186,004) in 2024 Q2 (latest data)
Martin County Total Sales & $1M and Up Home Sales Rise
Total Martin County sales increased 33% year-over-year in December 2025, from 249 to 332.
Martin County Single-Family Home and Condo Sales Increase
Martin County single-family home sales increased 30.11% year-over-year in December 2025, from 176 to 229.
Martin County existing condo sales increased 41.10% year-over-year in December 2025, from 73 to 103.
The lack of Federal Housing Administration loans for many existing Miami condominium buildings is preventing further market strengthening. Of the 2,397 condominium buildings in Miami-Dade, Broward and Palm Beach counties, only 21 are approved for FHA loans, according to statistics from the U.S. Department of Housing and Urban Development.
Just 0.9% of South Florida condo buildings are approved for FHA loans. Florida is the only state in the U.S. that requires a client to put down 25% for a limited review if the condo building doesn’t have enough in reserves. The requirement for every other state is 10%.
Martin County Median Prices
Martin County single-family home median sale prices increased 2.56% year-over-year in December 2025, from $585,000 to $600,000.
Martin County condo prices increased 14.58% year-over-year from December 2015 to December 2025, from $240,000 to $275,000.
Miami’s surging multifamily market and the Florida Live Local Act should boost affordability in the future. Miami ranks No. 7 in the U.S. in multifamily permits via RealPage. Miami had 10,695 multifamily units permitted year-ending August 2025, a year-over-year increase of 43.9%. This is important because it adds more overall housing/apartment supply to a city, creates more affordability and adds to Miami’s economic growth.
Florida’s Live Local Act, which was passed in 2023 and amended in May 2024, is encouraging developers to build more affordable housing. The Live Local Act gives developers the highest density allowed in a local area if they allocate 40% of its units for affordable housing. The state law defines an affordable unit as being at or below 120% of an area’s median income.
Miami remains a bargain in comparison to other global cities. For $1M, homebuyers can purchase 58 square meters of prime property in Miami, according to the 2025 Knight Frank Wealth Report. That is almost four times more than Monaco (19 square meters), nearly two times more than New York (34) and London (34) and more than Paris, Sydney, Tokyo and more.
South Florida Real Estate Home Equity & Appreciation is Nearly 2X the National Figure
Home equity is crucial for wealth building, provides a financial safety net, investment opportunities, refinancing options and more.
Miami’s home equity gains are nearly two times the national figure. Home equity gains on a Miami single-family home purchased in Q4 2009 and sold in Q4 2024 is $555,900 versus the U.S. average at $306,600, according to MIAMI REALTORS® Research.
Home equity gains on a Miami condo purchased in Q4 2009 and sold in Q4 2024 is $342,600 versus the U.S. average of $252,000.
Over the last five years, the average homeowner’s wealth has increased by $140,900, according to NAR. Research also shows a growing wealth gap between owners and renters: Based on the latest Federal Reserve Survey of Consumer Finance, NAR projected in March that homeowners’ median net worth would reach $430,000 in 2025 versus $10,000 for renters.
Mortgage Rates Declining
Mortgage rates, which were above 7% at the start of 2025, are trending down after the third Fed rate cut of the year in December 2025. According to Freddie Mac, the 30-year fixed-rate mortgage was 6.19% in December 2025.
“Bolstered by declining mortgage rates, Southeast Florida’s housing market finished strong in December 2025, with both single-family and condominium sales up a remarkable 14% from one year ago,” MIAMI REALTORS® Chief Economist Gay Cororaton said. “This momentum is likely to pick up further in 2026, leading to heightened buyer competition and higher prices as demand intensifies.”
Total Martin County Inventory Below Pre-Pandemic; New Listings Drop
New listings are trending down and active listings are not growing as fast as they were at the start of the year.
Total active listings at the end of December 2025 decreased 2.9% year-over-year, from 1,464 to 1,422. Homebuyers are in a great position to find the right home and negotiate for a better price.
Inventory of single-family homes decreased 5.31% year-over-year in December 2025 from 829 active listings last year to 785 last month.
Condominium inventory increased 0.31% year-over-year in December 2025, from 635 to 637 listings during the same period in 2024, but the total is still significantly below pre-pandemic.
Months’ supply of inventory for single-family homes is 4.5 months, which indicates a seller’s market. Inventory for existing condominiums is 8 months, which indicates a balanced market. A balanced market between buyers and sellers offers between six- and nine-months supply.
Nationally, total housing inventory is 1.18 million units, according to NAR. That is up 3.5% from December 2024 (1.14million). There is 3.3-month supply of unsold inventory, up from 4.2 months in December 2024.
Martin County Real Estate: $42 Million in Local Economic Impact
Every time a home is sold it impacts the economy: income generated from real estate industries (commissions, fees and moving expenses), expenditures related to home purchase (furniture and remodeling expenses), multiplier of housing related expenditures (income earned as a result of a home sale is re-circulated into the economy) and new construction (additional home sales induce added home production).
The total economic impact of a typical Florida home sale is $129,000, according to NAR. Martin County sold 2,127 homes in December 2025 for a local economic impact of $42 million.
Palm Beach County total dollar volume increased 27.55% year-over-year in December 2025 to $218 million.
Single-family home dollar volume increased 20% year-over-year to $175 million. Condo dollar volume increased 64% year-over-year to $38 million.
Martin County Distressed Sales Remain at Historic Lows, Reflecting Healthy Market
Only 0.6% of all closed residential sales in Martin County were distressed last month, including REO (bank-owned properties) and short sales.
Short sales and REOs accounted for 0.6% and 0%, respectively, of total Martin County sales in December 2025.
National and State Statistics
In Florida, closed sales of single-family homes statewide totaled 22,007 in December 2025, up 5.9% year-over-year, while existing condo-townhouse sales totaled 7,911 up 10.4%.
The statewide median sales price for single-family existing homes was $415,000, even year-over-year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $310,000, down 1.6% vs. last year. The median is the midpoint; half the homes sold for more, half for less.
Nationally, total existing home sales increased 5.1% year-over-year to a seasonally adjusted annual rate of 4.35 million, according to NAR. Median existing home prices increased to $405,400, up 0.4% from one year ago ($403,700) – the 30th consecutive month of year-over-year price increases.
Martin County Real Estate Attracting Near List Price
The median percent of original list price received for single-family homes was 94% in December 2025. The median percent of original list price received for existing condominiums was 92%.
The median number of days between listing and contract dates for Martin County single-family home sales was 53 days, up from 42 days last year. The median time to sale for single-family homes was 93 days, up from 83 days last year.
The median number of days between the listing date and contract date for condos was 68 days, up from 65 days. The median number of days to sale for condos was 107 days, up from 96 days.
Martin County Cash Sales More than National Figure
Cash sales represented 47.2% of Martin County closed sales in December 2025, compared to 50.2% in December 2024. About 27% of U.S. home sales are made in cash, according to the latest NAR statistics.
Cash buyers are not deterred by rising rates. The high percentage of cash buyers reflects South Florida’s top position as the preeminent American real estate market for foreign buyers, who tend to purchase with all cash as well as some moving from more expensive U.S. markets who can buy more with their profits from real estate sales.
Cash sales accounted for 57.2% of all Martin County existing condo sales and 42.7% of single-family transactions.
To access December 2025 Martin County Statistical Reports, visit http://www.SFMarketIntel.com
Note: Statistics in this news release may vary depending on reporting dates. MIAMI reports exact statistics directly from its MLS system.
About the MIAMI Association of REALTORS®
The MIAMI Association of REALTORS® (MIAMI) was chartered by the NATIONAL ASSOCIATION OF REALTORS® in 1920, and is celebrating 106 years of service to REALTOR® members, the buying and selling public, and the communities in South Florida. Composed of six boards: MIAMI- RESIDENTIAL, MIAMI- COMMERCIAL; BROWARD-MIAMI, a division of MIAMI REALTORS®; JTHS-MIAMI, a division of MIAMI REALTORS® in the Jupiter-Tequesta-Hobe Sound area; MIAMI YPN, our Young Professionals Network Council; and the Corporate Board of Directors. MIAMI REALTORS® represent 58,000 total real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local REALTOR® association in the U.S. and has official partnerships with 299 international organizations worldwide. MIAMI’s official website is www.MiamiRealtors.com
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