HOME SELLERS LOOK TO SPRING
FOR HOUSING MARKET REBOUND

via themortgagepoint.com—According to a recent Redfin study, the real estate brokerage powered by Rocket, new listings of U.S. houses for sale increased 0.5% from a year earlier for the four weeks ended March 8, the first gain since November. Even though it’s a slight improvement, the fact that mortgage rates have dropped to 6% may indicate that some home sellers are feeling more optimistic about this spring’s housing market. Because of this, the median monthly home payment has decreased by 3.2% year-over-year (YoY).

Redfin brokers in many parts of the nation claim that 6% is a “psychological threshold” for buyers who have been holding off on making a purchase. A portion of the increase in new listings can be attributed to sellers relisting their properties. In anticipation of a better market this year, homeowners who removed their properties off the market in 2025 are relisting at a record rate. Redfin also notes that due to unrest and uncertainty in the Middle East, the daily average mortgage rate increased as high as 6.19% this week.

Mortgage-purchase applications are up 8% week-over-week, but pending home sales are down 1.3% YoY—the smallest fall in more than a month. These are also indicators that, as spring draws near, the market might be gradually improving. A small percentage of potential purchasers claim they are postponing plans because of the Iran war, but many are still on the sidelines, discouraged by the continued high prices and economic uncertainties.

“Heading into spring and summer, the vibe is that the market will shift from the slowness we’ve seen over the last few years,” said Justin Gomez, a Redfin Premier agent in Omaha, NE.

Home purchasers now have negotiating power because there are …READ MORE

The Current Miami Springs Market

This week there are thirty-one (31) active listings in the MS/VG markets, approximately 10% less than last week. More than 50% of are priced over a million dollars. Of those, three (3) listings are over $2 million, and one is close to $4 million. High prices remain but I see demand picking up slowly.

I do expect a busy Spring buying/selling season. SELLERS, 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 have remained stable. They 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 66 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 is one (1) property priced between $500,000-$600,000; three (3) properties are priced between $600,000-$700,000; five (5) between $700,000-$800,000; three (3) between $800,000-$900,000; two (2) are priced between $900,000-$1,000,000; thirteen (13) 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 March 13, 2026 through March 20, 2026, there were reported 1 new listing, 0 closed sales, 4 pending sales, 1 active with contract, 0 expired listings, 0 cancelled listings, 0 temp off market, 2 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 20, 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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