Miami single-family luxury ($1 million or more) purchases increased 31.4 percent year on year to 209 sales in September 2021. Year over year, Miami existing condo luxury sales rose 96.5 percent to 167 deals. Luxury single-family houses have 3.9 months of supply, while luxury condominiums have 9.4 months of supply. Luxury months of supply continue to fall for all property categories, both month over month and year over year. In November, vaccinated foreigners will be allowed to resume travel to the U.S., which will lead to more international buyers in South Florida! Looking to sell? DM or call and we can chat! #