Cash Dominates Miami’s High-End Market
- Over 53% of homes priced between $1M–$5M are purchased with cash.
- That figure climbs to over 51% for homes in the $5M–$10M range.
- Ultra-luxury properties priced above $10M, nearly 59% are bought without financing.
- In the first half of 2025, 83% of condo sales over $2,000/sq ft were all-cash, with sales volume up 631% compared to 2019.
- Single-family homes in the same tier saw 79% cash transactions, up 1,200% from pre-pandemic levels.
...only in Miami.
Miami’s reputation as a global playground for the wealthy isn’t just about lifestyle—it’s about strategic investment:
- No state income tax, business-friendly policies, and year-round sunshine make it irresistible to high-net-worth individuals.
- Buyers value speed, privacy, and convenience, often preferring cash over financing—even when liquidity isn’t an issue.
- Sellers, knowing this, are less likely to reduce prices. In July, 59 homes were delisted for every 100 new listings, signaling confidence in the market