Doral’s residential real estate market is expected to remain strong despite a slowdown in sales and an increase in inventory.
Berkshire Hathaway Homeservices EWM President Ron Shuffield noted the changing dynamics in the Doral real estate landscape, stating, “Doral is similar to the county at large, and probably the whole country at large.”
Shuffield pointed out significant increases in inventory, which had been lacking for some time.
During the peak of the COVID-19 pandemic, inventory levels dropped to critically low numbers, causing a supply shortage in the market.
Now, as inventory builds up once again, price increases that the market has become accustomed to are being tempered.
“That’s now been a little bit of an adjustment for sellers,” Shuffield explained.
He added that the days of adding 1% a month to every property are over and emphasized the positive implications of this trend amid rising interest rates.
The consequences of these higher rates have significantly impacted home affordability, as borrowing power has diminished by approximately 40% over the last three and a half years.
This has resulted in a slowdown in sales and an increase in inventory.
As of July 16, the number of single-family homes for sale in Doral has risen by 33% compared to last year, with a total of 140 single-family homes on the market.
This spike contrasts sharply with the 105 homes available a year ago.
Sales for single-family homes in Doral have simultaneously fallen by 18%.
The trends in the condo market reflect similar patterns, according to Shuffield.
In the first half of this year, 434 condo properties were for sale, showing a 31.5% increase from last year’s 330 units.
Meanwhile, condo sales from January 1 through July 16 of this year reached 274, down from 349 sales during the same period in the previous year—indicating a decrease of 21.5%.
Shuffield also highlighted that in the period between April and June 2025, there was a median supply of 7.1 months for single-family homes in Doral.
During this time, the median price stood at $950,000, which shows a modest increase when compared to the 4.4 months of supply and a median price of $928,000 from a year before.
This marks a 2.4% rise in median price from 2024 to 2025.
Carlos Villanueva, district sales manager at the Keyes Company, reported a dramatic 76% decline in cash sales in Doral over the previous year.
Additionally, the median time required to complete a sale has increased from 72 days last year to 77 days this year.
Changes in the United States’ immigration policies have also affected Doral’s residential real estate market.
Villanueva indicated that while the interest rate climate remains stable, current rates are higher than anticipated.
Shuffield expressed confidence in Doral’s potential for continued growth, citing the city’s access to essential services, schools, and shopping as key factors.
Moreover, he noted the development of a familial culture that encourages residents to remain close to family and friends.
“I feel like it certainly is all there,” he concluded.
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