Year over year, the Media and Entertainment District’s rolling three-month data shows softer pricing and slower movement. The typical home value is down sharply from last year, with a median sale price about 17 percent lower, while Miami overall is seeing modest price growth. At the same time, months of supply in the neighborhood has surged more than fourfold, reinforcing its current status as a buyer’s market.
Looking at the latest rolling three-month period ending in September 2026, inventory and activity tell a complex story. Active listings are slightly lower than a year ago, yet new listings have jumped more than 50 percent, and pending sales are down nearly 44 percent, signaling that more homes are coming to market than are going under contract.
Homes are also taking much longer to sell, with median days on market up about two-thirds year over year to more than 200 days, and none of the recent sales closed above list price. The average sale-to-list ratio has slipped by a couple of percentage points compared with last year, indicating that buyers generally have room to negotiate. With nearly 12 months of supply versus Miami’s roughly similar level, local conditions lean toward buyers even more when combined with the slower pace of sales. In this shifting environment, both buyers seeking value and sellers aiming to stand out can benefit from Agent Pronto’s help finding an agent who understands the Media and Entertainment District’s dynamics.
