Miami Housing Market 2025: Joanna Jimenez Says Buyers Now Hold the Advantage

Miami Housing Market 2025: Joanna Jimenez on Why Buyers Have the Upper Hand

The Miami real estate market in 2025 looks very different from the frenzied days of just a few years ago. According to recent Redfin data, only 28% of homes nationwide sold above asking price this spring — the lowest for a spring season since 2020. In Miami, the slowdown is even more pronounced, and Joanna Jimenez, a top Miami real estate agent and Compass team leader, says the shift is creating new opportunities for serious buyers.

Fewer Bidding Wars, More Negotiating Power

Two years ago, Miami’s housing market was dominated by bidding wars. Over half of properties sold above asking price. Today, Jimenez reports a stark reversal:

“A little less than 10% [of sales] sold above asking, and a little over 10% sold at asking price — which means about 80% are going below asking.”

The main driver? Higher inventory. With more homes available, buyers have choices, and sellers can no longer rely on aggressive competition to push prices up.

Investors Pull Back, Local Buyers Step Forward

For years, Miami was a magnet for investors — both domestic and international — who fueled rapid price appreciation. But rising mortgage rates, economic uncertainty, and cooling price trends have caused many investors to step aside.

Jimenez sees a notable shift in her client base:

“The majority of all our buyers right now are people that are going to live in the home.”

This change is opening the door for first-time buyers and local families, who now face fewer all-cash offers from investment groups.

Why It Could Be the Right Time to Buy in Miami

While affordability remains a challenge for some, buyers who are ready to act may find the current market far more favorable. A few years ago, competing with multiple offers often meant compromising on location or must-have features. Now, Jimenez says:

“Two, three years ago… you couldn’t really get what you wanted. Now it’s more likely you can.”

This is especially true for move-in ready homes in less investor-heavy neighborhoods, where sellers are motivated and open to negotiation.

Miami Real Estate Market Outlook

The Miami housing market forecast for 2025 suggests continued moderation. While starter homes in desirable neighborhoods still draw multiple offers, most segments of the market favor buyers more than they have in years. Nationally, real estate experts note that inventory growth and slower investor activity are giving buyers room to negotiate — a trend Miami buyers are already experiencing firsthand.

If you’re considering buying in Miami this year, Jimenez’s advice is clear: the balance of power has shifted, and now is a rare chance to secure the home you want without the bidding war chaos of the past few years.

Listen to the full audio here.