2025 EXPERIENCES STRONGEST BUYER’S MARKET IN MORE THAN A DECADE

via themortgagepoint.com—In August, the U.S. housing market had an estimated 35.2% more home sellers than purchasers (or, in numbers, 505,915 more)—according to a recent report from Redfin. The only month since 2013 where sellers outnumbered purchasers by a larger percentage (36.3%) was June 2025. To put it another way, this summer’s buyer’s market was the best recorded.

Since home prices are still rising, albeit much more slowly than in previous years, and mortgage rates are declining but still more than double their historical low, many Americans have been priced out of the housing market.

The U.S. housing market saw an estimated 1.44 million homebuyers in August, the lowest number since 2013, with the exception of the start of the pandemic, when the market came to a complete halt. Due to rising home prices and high mortgage rates, the housing industry has been losing purchasers. However, in recent weeks, mortgage rates have decreased, reducing monthly payments for homebuyers by hundreds of dollars and encouraging more homeowners to refinance.

“We haven’t yet seen a big jump in homebuyer demand due to declining mortgage rates,” said Chen Zhao, Redfin’s Head of Economics Research. “Buyers may show up in greater numbers if mortgage rates keep falling, which could happen if the economy continues to weaken. If the economy slows further.

“Housing inventory has surged in Florida, and as a result, buyers have become more selective,” said John Tomlinson, a Redfin Premier real estate agent in Fort Lauderdale. “With so many options, it doesn’t take much for buyers to back out of deals. Last year, if issues like faulty AC or an outdated roof came up during an inspection, buyers would say, ‘OK, we’ll work with it.’ Now they’ll just walk away.” …READ MORE

The Current Miami Springs Market

DEMAND IS STILL THERE DESPITE HIGHER INTEREST RATES

Forty (40) active listings in the Miami Springs/Virginia Gardens real estate market this week. Prices remain strong for sellers but we are seeing more price decreases on active listings! Despite relatively higher interest rates, there are still many qualified buyers out there.

Mortgage interest rates decreased and are expected to fluctuate between 6-6.5% the remainder of 2025. We expect additional rate cuts this year. There are still qualified buyers looking for the right property. Timing is everything. Properties are staying on the market for longer but some houses still quickly sell. It all depends on pricing, condition, and location, location, location. Days on the market (DOM) is averaging around 82.

Inventory Breakdown:

Sixteen (16) active listings over $1million. Thirteen (13) listings -- about 32% of the active listings-- have had a price reduction, one (1) this week.

There are no properties under $600,000; seven (7) properties are priced between $600,000-$700,000; eight (8) between $700,000-$800,000; seven (7) between $800,000-$900,000; two (2) are priced between $900,000-$1,000,000; fourteen (14) between $1-2 million; and two (2) properties are priced for over $2 million.

CALL US FOR AN EVALUATION

During the period of September 19, 2025 through September 26, 2025, there were reported 3 new listings, 3 closed sales, 0 pending sales, 2 active with contract, 0 expired listings, 2 cancelled listings, 0 temp off market, 1 price reduction, and 0 price increases.

HOW DOES YOUR HOUSE COMPARE?

The table below shows the current status of the Miami Springs/VG real estate market as of September 26, 2025. All closed sales are within the last 90 days.

*Disclaimer: The data relating to real estate displayed on this website and the chart above comes from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed and can be independently verified.

 A complete list of all the properties for sale in Miami Springs or any other area of 

Miami-Dade County can be sent to you on regular basis. 

Request it at:  charlie@leonardrealestategroup.com

………………………………………………..……………………………………………………………………………