Miami Luxury Real Estate: Cash Dominates High-End Purchases

Over half of Miami homes priced above $1 million are being bought with cash, according to Realtor.com data. The share rises with price—53.5% for homes in the $1M–$5M range, and 59% for those over $10M. In ultra-prime segments exceeding $2,000 per square foot, cash purchases dominate: 83% for condos and 79% for single-family homes. This strong cash-driven market reduces incentives for sellers to cut prices; in July, there were only 59 delistings for every 100 new listings. For more information click here.