DELISTINGS AND MULTIPLE OFFERS

via themortgagepoint.com—According to a new Redfin analysis, 5.8% of all U.S. home listings were taken off the market in April.

That’s tied with December 2025 for the highest share since March 2020, when the onset of the pandemic ground the housing market to a halt and spooked sellers, Redfin said. Before 2020, delistings were never as common as they are now, the online brokerage noted.

Month over month, delistings rose 3.8% on a seasonally adjusted basis, the second straight month they were up, according to a Redfin analysis of MLS data.

Redfin noted that a relisting is defined as a home that goes on the market after having been delisted from the market for at least 31 days during the prior 12 months.

Delistings are on the rise largely because it’s a buyer’s market, Redfin noted. It said that many homeowners want to sell, but only if they are able to get the price they want. In many cases, prospective sellers test the waters but pull their home off the market when they don’t get the price or terms that make selling worth it, Redfin said.

“Sellers are still getting used to the post-pandemic normal,” said Patricia Ammann, a Redfin Premier agent in Arlington, Virginia. “Prices aren’t soaring like they were five years ago–high gas prices and the rising cost of living overall is trickling down to the housing market, making buyers much less likely to bid prices up. Buyers know they have negotiating power, often offering under the asking price and completing inspections, but some sellers just won’t budge.”

Multiple Offers

According to Redfin, these are the forces driving the trend:

Homes are taking longer to sell. Mortgage rates came down from their recent peak in April, but they were still double pandemic-era lows–and home prices are still rising. Affordability is strained, which has pushed many house hunters to the sidelines. With fewer buyers competing for homes, sellers are more likely to wait weeks or months without a strong offer.

Redfin noted that some sellers who delisted are now re-listing them, saying that 2.5% of homes that were on the market in April belonged to sellers who had pulled their listing in the previous 12 months, then relisted. Inventory is rising faster than demand. …READ MORE

The Current Miami Springs Market

This week we saw an approximately 15% decrease in inventory from the last week. There are now thirty-two (32) active listings in the MS/VG markets. Over 46% of the active listings are priced over $1,000,000. Of those, three (3) listings are over $2million, and one is asking close to $4million!

We have experienced a busier Spring selling/buying season so far this year!

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 again. They are now slightly over 6%. Uncertainty with the war and gas prices may impact demand. However, there are still qualified buyers looking for the right property. Timing is everything. Days on the market (DOM) are on average 60 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 no properties priced between $500,000-$600,000 or between $600,000-$700,000; six (6) are between $700,000-$800,000; seven (7) between $800,000-$900,000; four (4) are priced between $900,000-$1,000,000; eleven (11) 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 May 29, 2026 through June 5, 2026, there were reported 1 new listing, 0 closed sales, 1 pending sale, 2 active with contract, 1 expired listing, 1 cancelled listing, 0 temp off market, 3 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 June 5, 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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