JUNE 2026 MONTHLY HOUSING TRENDS REPORT

via realtor.com—June was largely a month of continuity for the economy and stability for the housing market. That is no small thing after a tumultuous spring that left us whiplashed over mortgage rates and bracing for the economic fallout of rising inflation and the war in Iran. This month, the shocks gave way to a settled, if unspectacular, backdrop: Mortgage rates hovered around 6.5% all month, inflation firmed but largely as expected—landing as confirmation rather than surprise to markets and consumers alike—the labor market steadied further, and the Fed held rates unanimously while signaling a more hawkish posture ahead. It’s not necessarily a rosy picture, but it’s one that looks steadier than just a few months ago. The housing data told the same story of continuity.

Key questions

Q: Mortgage rates ended the spring higher than many hoped, and with a new Fed chair signaling concern about inflation, rate relief is probably not forthcoming. Can the housing market keep weathering the storm?

A: So far, so good—but keep in mind that weathering the storm is far from thriving. The central concern was that volatility, and higher mortgage rates would freeze activity at some point this year. That fear has yet to materialize. Mortgage rates have sat around 6.5% for six straight weeks now, after a roller-coaster spring. Underlying activity has hardly flinched, with new listings up 2.4% and pending sales increasing for seven straight months. Even though mortgage rates have strayed above expectations and are likely to remain elevated, the song has remained the same for the past few months.

Q: Prices are falling, which sellers don’t love—and mortgage rates have steadied higher than expected, which isn’t what buyers were hoping for. Is this the ‘correction’ people keep predicting, and how do we know we’re not in for another Cruel Summer?

A: The listing price drops should be characterized as normalizing, not an outright market correction. Asking prices were never going to climb forever without incomes rising sharply or rates falling sharply, and neither happened, so prices are giving background: down 2.5% nationally, broadly, with the steepest declines in the South and West. But this isn’t a Cruel Summer sequel, because the buyer-seller dynamics are more consistent with negotiation than a standoff. Unlike last year, sellers are willing to take a slight haircut to move, and buyers get a little relief on price to offset rates that settled higher than hoped. Each side gives a little. And the surest sign of this isn’t distress: Pending sales are up again by a healthy margin. Homes are still selling…READ MORE

The Current Miami Springs Market

Things are moving in MS/VG markets! There are now twenty-six (26) active listings. That is a decrease of almost 20% from last month! Approximately 46% are priced over $1,000,000. Of those, three (3) listings are over $2million, and one is asking close to $4million!

High prices remain and there are no listings under $700,000, but there are still qualified Buyers out there!

More inventory increases in the months ahead? We don't know.

The market is active and much busier than last year!

SELLERS, LIST NOW(!) if you are thinking about selling!

Inventory Breakdown:

There are no properties priced between $500,000-$600,000; there are none (0) priced between $600,000-$700,000; six (6) are between $700,000-$800,000; five (5) between $800,000-$900,000; three (3) are priced between $900,000-$1,000,000; eight (8) between $1-2 million; three (3) are listed for over $2 million; and one (1) is listed for over $3 million.

* * *

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 72 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.

TIME TO BUY OR SELL? CALL US FOR AN EVALUATION

During the period of June 26, 2026 through July 3, 2026, there were reported 0 new listings, 6 closed sales, 1 pending sale, 2 active with contract, 1 expired listing, 0 cancelled listings, 0 temp off market, 1 price reduction, 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 July 3, 2026. All closed sales are within the last 90 days. Only single-family property transactions were reported.
*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

………………………………………………..……………………………………………………………………………