Miami's real estate market saw an 11.2% increase in active listings to 7,551 homes, surpassing the national 10% rise. Newly listed homes dropped 6.2% to 1,828. The median listing price fell 2.3% to $635,000, with price cuts decreasing to 12.8%. Median days on market rose 17% to 93 days, offering buyers more negotiating power amid abundant options and favorable conditions.