Is it a good time to buy in Miami?
Miami Leads South Florida in New Construction
📊 Active New Construction Permits
• 🟦 Miami: 26,046
• 🟩 Pompano Beach: 635
• 🟨 West Palm Beach: 398
• 🟧 Boca Raton: 178
• 🟪 Pembroke Pines: 160
🏗️ More Construction - What this means:
Miami’s construction activity is 40x+ higher than nearby cities, signaling a market with:
• Strong development confidence
• Expanding housing supply
• More strategic entry points for buyers
Where construction is happening most: New construction in Miami is heavily concentrated in Downtown, Brickell, and Edgewater, with strong expansion into Wynwood and Allapattah. Emerging pockets like Little River and Little Haiti are beginning to show early development signals — often a precursor to future price growth.
Miami Building Permit Data (City of Miami Open Data)
MIAMI HOUSING MARKET TRENDS (2026)
Pricing Across Key Submarkets
📊 Pricing Snapshot
Coral Gables
🟦 ~$885K | $546/sqft
South Miami
🟪 ~$790K | $586/sqft
Pompano Beach
🟩 ~$651K | $414/sqft
Little Havana
🟨 ~$570K | $412/sqft
📈 Pricing Trends
• Premium areas (Coral Gables, South Miami) command higher price per square foot driven by location
• Mid-range markets (Pompano Beach) offer more balanced entry points with flexibility
• Emerging areas (Little Havana) provide lower entry prices with upside potential
Little Havana submarket
This report provides a data-driven view of pricing, liquidity, and investment signals in Coral Gables
South Miami submarket
This report provides a data-driven view of pricing, liquidity, and investment signals in Coral Gables
Pompano Beach submarket
This report provides a data-driven view of pricing, liquidity, and investment signals in Coral Gables
Coral Gables submarket
This report provides a data-driven view of pricing, liquidity, and investment signals in Coral Gables