Week of July 31, 2026

Hello, Miami Springs. Here is your Weekly Market Report. If you are ready to buy or sell, The Leonard Real Estate Group is ready to earn your business. We are Miami Springs.

The table below shows the current status of the Miami Springs/VG single-family home market as of July 31, 2026. All figures reflect the trailing 90 days of MLS activity, and all data is per the MLS.

*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.

There are twenty-eight (28) active single-family listings in the MS/VG market right now, averaging $1,279,154 on about 2,051 sq ft, or $633 per sq. ft. There are currently no listings active with a contract, down from four (4) last week. Over the trailing 90 days, twenty-nine (29) homes closed, averaging $923,759 on roughly 1,942 sq ft, or $509 per sq ft. Eleven (11) more are currently pending sale, averaging $961,991 on about 1,883 sq ft.

There is one (1) active listing over $3 million (409 De Leon Dr., $3,967,000) and four (4) more over $2 million (188 Cherokee St., 901 Dove Ave., 325 Ludlam Dr., 588 Miller Dr..). On the closed side, the top sale of the period was 81 S Royal Poinciana Blvd., which closed at $2,325,000. Days on market (DOM) for active listings averages 109 days, while pending sales averaged 62 days on market before going under contract and closed sales averaged 81 days on market before closing. There were nine (9) price reductions and two (2) price increases (409 De Leon Dr. and 508 De Leon Dr.) among current listings.

Miami Springs/VG is running at an estimated trailing pace of about 8.0 sales per month. Against 28 current active listings, that puts the market at roughly 3.5 months of supply, solidly in seller's market territory (under 5 months). Homes that closed over the trailing 90 days sold at an average of 95.3% of list price, showing sellers continue to hold most of the leverage.

Mortgage rates moved higher this week, with the 30-year fixed averaging 6.66% per Freddie Mac's Primary Mortgage Market Survey (published Thursday, 7/30/26), up from 6.58% the week before, the biggest one-week jump in ten weeks. The move came even as the Federal Reserve held its benchmark rate steady at its July 29 meeting for a fifth straight time; Treasury yields rose afterward on inflation concerns and a split among Fed officials, with the 30-year Treasury yield touching its highest level since 2007.

Inventory Breakdown (Actives): There are zero (0) properties priced under $500,000; two (2) between $500,000–$600,000; two (2) between $600,000–$700,000; four (4) between $700,000–$800,000; four (4) between $800,000–$900,000; six (6) between $900,000–$1,000,000; five (5) between $1–2 million; four (4) between $2–3 million; and one (1) over $3 million.

Also this period: two (2) listings expired, two (2) went temporarily off market, and two (2) were withdrawn.

Active inventory rose this week, up to 28 listings from 24, while months of supply ticked up from 3.0 to 3.5, still comfortably within seller's-market territory even as conditions loosen slightly. The active-with-contract count fell sharply to zero from four last week, worth watching next week to see if that's a blip or a trend. Closed pricing held essentially flat week over week ($923,759 vs. $915,341), while the list-to-sale ratio eased modestly from 96.0% to 95.3%. Price cuts continue to outnumber increases by a wide margin (9-to-2 this week, up slightly from 8-to-2 last week), a sign sellers are still recalibrating expectations even in a market that favors them. Mortgage rates climbed to their highest level in a year, a headwind for financed buyers even as the trailing 90-day sales pace continues to support brisk local activity.

As always, if you are ready to buy or sell, we are ready to earn your business. We are Miami Springs.

- Charlie & Sean