Miami's active home listings dropped 16.9% year-over-year, contrasting with a 2.1% national inventory increase. New listings fell 2.9%, limiting buyer options. The median list price decreased 2.9% to $495,000, remaining $66,000 above the national median. Only 14.5% of listings had price cuts, below the national 20%. Homes sold in a median of 85 days, faster than last year but slower than the national 57-day median.