BUYERS HAVE THE POWER IN EVEN MORE
MAJOR METROS OVER LAST YEAR

via themortgagepoint.com—The number of buyer’s markets among the most populous metro areas has risen, according to a new report from the real estate brokerage Redfin.

According to the report, 38 of the most populous U.S. metropolitan areas were buyer’s markets in March, up from 29 a year earlier. The report noted that just five were seller’s markets, down from nine in 2025.

Redfin said it analyzed the 50 most populous metros and included in this analysis the 49 with sufficient data. It said it defines a market where there are over 10% more sellers than buyers as a buyer’s market and a market where there are over 10% fewer sellers than buyers as a seller’s market.

A market where the gap is plus or minus 10% is considered a balanced market, Redfin said.

Nationally, Redfin noted that there were an estimated 43.1% (or 600,168) more home sellers than buyers in March. That is just under the largest gap in records dating back to 2013 and is up from 28% (or 432,532) a year earlier.

The largest gap on record is 45.2% in December 2025, Redfin said.

Negotiating Power

The brokerage noted that when sellers outnumber buyers, buyers typically hold the negotiating power because they have options.

Redfin noted that there were an estimated 1.39 million homebuyers in the market in March. That’s just shy of the 1.38 million record low hit in April 2020, the start of the Covid-19 pandemic. That’s little changed from a month earlier but down 10% from a year earlier, Redin said.

Home sellers have been pulling back in part because of lackluster demand from buyers. Some sellers, Redfin noted, are delisting after watching their homes sit on the market, while others are choosing not to list at all after seeing nearby homes sell for below the asking price.

The strongest buyer’s market was …READ MORE

The Current Miami Springs Market

This week there are thirty-four (34) active listings in the MS/VG markets. Over 50% are priced over $1,000,000. Of those, three (3) listings are over $2 million, and one is asking 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 increased a bit. They are now about 6-6.2%. There are still qualified buyers looking for the right property. Timing is everything. Days on the market (DOM) are on average 71 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.

There are no new pending sales for the second consecutive week. What does this mean? There are limited options for entry-level homebuyers.

Inventory Breakdown:

There is one (1) property priced between $500,000-$600,000; four (4) properties are priced between $600,000-$700,000; three (3) between $700,000-$800,000; five (5) between $800,000-$900,000; three (3) 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 $3 million.

TIME TO BUY OR SELL? CALL US FOR AN EVALUATION

During the period of April 10, 2026 through April 17, 2026, there were reported 1 new listing, 4 closed sales, 0 pending sales, 1 active with contract, 0 expired listings, 1 cancelled listing, 0 temp off market, 2 price reductions, and 1 price increase.

HOW DOES YOUR HOUSE COMPARE?

The table below shows the current status of the Miami Springs/VG real estate market as of April 17, 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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