Miami luxury price drops
Condos marked down — and the insurance stack the list price does not include.
As of October 5, 2026, 1,613 Miami listings were already marked down, averaging −7.0 percent. That is $372.65 million off published asks, across 33 areas. Most of the tape is condos. The percent on the card is the list-price move. It is not the insurance bill, and it is not the HOA cash call that arrives after you close.
Miami Beach led the areas we counted on October 5, then Sunny Isles Beach and Brickell. A cut on a tower on the sand can look like a bargain until special assessments and the next insurance renewal sit in the same stack. The list price moved. The carrying cost did not.
This is the write-up of the October 5 freeze. The live Miami listings are a different page. The Miami market-data dashboard is the live tape.
The October 5 tape
| October 5 | |
|---|---|
| Active drops | 1,613 |
| Average drop | −7.0% |
| Value wiped | $372.65M |
| Areas | 33 |
| Drop tier | Listings |
|---|---|
| <10% | 1,271 |
| 10–20% | 298 |
| 20–30% | 35 |
| 30–40% | 7 |
| 40%+ | 2 |
Where the tape is
| Area | Drops |
|---|---|
| Miami Beach | 239 |
| Sunny Isles Beach | 192 |
| Brickell | 178 |
| Miami | 135 |
| Aventura | 109 |
As of October 5, 2026.
US figures are Zillow buy. All dollars. Luxury Price Drops is not a brokerage. Four-city report.