Miami's active home listings dropped 16% year-over-year, contrasting with a 1.9% national increase, leading to a tighter market. New listings fell 0.4%, while nationally they rose 2.4%. The median listing price in Miami is $499,000, slightly down 2.2% but still $69,000 above the national median. Only 15.2% of Miami homes had price reductions, lower than the national 18.8%. Homes stayed on the market for 82 days, longer than the national 53 days.