01/22/2026
South Floridaโs luxury housing market surged in 2025, recording the second-highest number of $10 million-plus home sales on record as wealthy buyers flooded the region.
There were 361 sales of homes priced at $10 million or more, trailing only the 2021 pandemic peak, according to the Miami Association of Realtorsยฎ and SEFMLS. Association Chairman Alfredo Pujol said the boom reflects a wave of wealth migration, driven by factors beyond taxes, including Miamiโs growing fintech scene, lifestyle, and climate.