HOMEBUYING TRENDS SPARK ‘CAUTIOUSLY OPTIMISTIC’ OUTLOOK

via themortgagepoint.com—When there are more properties available, buyers have more options and can reasonably explore a wider variety of residences due to increased purchasing power. After all, what is not for sale cannot be bought by purchasers. Stronger sales activity is usually fueled by a wider range of available houses.

Improved house-buying power, which is up 12% from a year earlier, will also help prospective homebuyers. Buyers now have greater purchasing power than they did at this time last year, even though affordability is still stretched by historical standards. The significant increase in purchasing power over the previous year is significant, especially for purchasers who were disadvantaged by the combination of high mortgage rates and a restricted supply last year.

In January, Zillow’s newly pending listings—listings that transitioned from for-sale to pending status—were up about 2% annually. An early indication of near-term transaction velocity and closed sales in the upcoming months is provided by a shift to pending, which typically indicates a home going under contract. The MBA’s Mortgage Credit Availability Index (MCAI) indicates that credit availability has also somewhat increased, increasing by slightly more than 1% from the previous year. More qualified purchasers may be able to obtain financing with looser credit requirements.

When taken as a whole, these changes are small but encouraging indicators for the spring home-buying season. The final component needed to kickstart the spring home-buying season is an increase in new listings. …READ MORE

The Current Miami Springs Market

This week there are thirty-three (33) active listings in the MS/VG markets, a small increase from 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.

High prices remain. 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 about 6%! This 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 73 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; five (5) properties are priced between $600,000-$700,000; three (3) between $700,000-$800,000; three (3) between $800,000-$900,000; two (2) are priced between $900,000-$1,000,000; fifteen (15) between $1-2 million; three (3) are listed for over $2 million; and one (1) is listed for over $3 million.

TIME TO BUY OR SELL? CALL US FOR AN EVALUATION

During the period of March 20, 2026 through March 27, 2026, there were reported 2 new listings, 2 closed sales, 1 pending sale, 0 active with contract, 0 expired listings, 3 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 27, 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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