NEW AND PENDING LISTINGS RAMP UP

via realtor.com—Listing activity rebounded in February, with both new listings and pending sales up. Nationally, newly listed homes grew by 2.4% year over year and climbed 10% since last month, a typical seasonal pattern.

At the regional level, new listings jumped in the Midwest (+7.4% year over year), West (+5.8%), and South (+2.6%), and fell in the Northeast (-7.8%). Excluding the Northeast, where the late January and mid-February snowstorms hit the hardest, new listings in the other regions were up 3.6% collectively.

Metros with the strongest new-listing growth year over year were Salt Lake City (+26.9%), Kansas City (+26.8%), Milwaukee (+25.6%), and Portland, OR (+23.4%).

Like inventory and new listings, buyer activity also increased in February. Pending home sales—listings under contract grew by 4.2% year over year. This is the largest annual increase in pending home sales since November 2024 (+8% YoY). This is probably in part due to the fact that mortgage rates have remained at multiyear lows since mid-January and even fell below 6% by the end of February 2026. With rates in the 2026 homebuying season expected to be well-lower than last year, pending sales and new-listing growth will be something to watch in the coming months …READ MORE

The Current Miami Springs Market

This week there are thirty-six (36) active listings in the MS/VG markets, a 16% decrease from last week. Half of this week's listings are priced over a million dollars. Three (3) listings are over $2 million, and one is close to $4 million. High prices remain and demand is still slow, but I do expect a busy Spring buying/selling season. LIST NOW if you are thinking about selling! There are still qualified Buyers out there!More increases in inventory in the months ahead?? I think so.

Mortgage interest rates are now UNDER 6%! This decrease makes homes more affordable. Again, there are still qualified buyers looking for the right property. Timing is everything. Days on the market (DOM) are on average 79 days. Some houses sell quickly. It all depends on pricing, condition and location, location, location. The decrease in interest rates should result in increased sales activities. It is important to price the property right.

Inventory Breakdown:

There are two (2) properties priced between $500,000-$600,000; two (2) properties are priced between $600,000-$700,000; eight (8) between $700,000-$800,000; four (4) between $800,000-$900,000; two (2) are priced between $900,000-$1,000,000; fourteen (14) between $1-2 million; three (3) are listed for over $2 million; and one (1) is listed for over $3million.

TIME TO BUY OR SELL? CALL US FOR AN EVALUATION

During the period of February 27, 2026 through March 6, 2026, there were reported 2 new listings, 1 closed sale, 4 pending sales, 4 active with contract, 0 expired listings, 0 cancelled listings, 0 temp off market, 4 price reductions, 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 March 6, 2026. 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

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