Florida luxury market Q2 2026

Q2 2026 opens with one of the cleanest signals Miami luxury has shown since 2022. Months-of-supply across the six anchor markets sits at 7.2, down from 11.4 a year ago. Median days on market for the $5M–$15M segment compressed to 62 days. The takeaway: well-prepared inventory is moving — but absorption is uneven. Coral Gables historic and Pinecrest estate lots are the strongest movers, with off-market activity accounting for an estimated 28 percent of closings above $7M. Brickell penthouse absorption is steady, anchored by international buyers paying cash and structuring through pre-purchase LLCs. The weakest segment is new-construction Mid-Beach condos above $10M, where months-of-supply still sits north of 14. Sellers are pricing tighter, buyers are diligence-heavy, and the comp file rewards properties that come to market with documentation, video, and pre-cleared title work. Walk into Q3 with the inventory ready to move on contract day; the buyers are watching.