Week of August 7, 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 August 7, 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 thirty (30) active single-family listings in the MS/VG market right now, averaging $1,243,843 on about 2,055 sq. ft, or $612 per sq. ft. There is currently one (1) listing active with a contract. Over the trailing 90 days, twenty-seven (27) homes closed, averaging $921,667 on roughly 1,864 sq. ft, or $529 per sq. ft. Ten (10) more are currently pending sale, averaging $919,190 on about 1,922 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 111 days, while pending sales averaged 74 days on market before going under contract and closed sales averaged 69 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 30 current active listings, that puts the market at roughly 3.8 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 96.4% of list price, showing sellers continue to hold most of the leverage.

Mortgage rates ticked higher this week, with the 30-year fixed averaging 6.69% per Freddie Mac’s Primary Mortgage Market Survey (published Thursday, 8/6/26), up from 6.66% the week before. Freddie Mac’s chief economist noted the housing market is showing signs of adjustment, with listing prices modestly below year-ago levels and for-sale inventory improving from the limited supply seen in recent years.

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; five (5) between $700,000–$800,000; six (6) between $800,000–$900,000; five (5) 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, one (1) went temporarily off market, and two (2) were withdrawn.

Active inventory rose again this week — up to 30 listings from 28 — while months of supply ticked up from 3.5 to 3.8, still comfortably within seller’s-market territory. The active-with-contract count returned to one after dropping to zero last week. Closed pricing eased modestly week over week ($921,667 vs. $923,759), while the list-to-sale ratio improved from 95.3% to 96.4%, a sign sellers are still getting close to full price on the homes that do sell. Price cuts continue to outnumber increases by a wide margin (9-to-2, unchanged from last week), showing many sellers are still recalibrating expectations even in a market that favors them. Mortgage rates climbed again this week, a continued headwind for financed buyers even as trailing 90-day sales activity remains brisk locally.

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

- Charlie & Sean