Week of September 12, 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 September 12, 2026. All figures reflect the trailing 90 days of MLS activity — closed sales, actives, pending, and everything else within the last 90 days — 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-five (25) active single-family listings in the MS/VG market right now, averaging $1,312,868 on about 2,216 sq ft, or $587 per sq ft. Another five (5) listings are active with a contract. Over the trailing 90 days, twenty-eight (28) homes closed, averaging $844,786 on roughly 1,673 sq ft, or $529 per sq ft. Five (5) more are currently pending sale, averaging $947,800 on about 1,859 sq ft, or $520 per 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, and 588 Miller Dr). Those five listings are averaging 136 days on market. On the closed side, the top sale of the period was 37 Deer Run at $1,650,000, followed by 520 Morningside Dr at $1,500,000. Seven of the twenty-eight closings came in at or above asking — 640 Cardinal St sold for $600,000 against a $565,000 list and 240 Nahkoda Dr closed at $701,000 on a $699,999 list, while 550 Cardinal St, 240 Lenape Dr, 550 Quail Ave, 400 Morningside Dr, and 831 Wren Ave each closed exactly at list. Days on market for active listings averages 89.1 days, up modestly from 86.5 last week. Pending sales averaged 116 days on market before going under contract, and closed sales averaged 63 days before closing. There were eight (8) price reductions and one (1) price increase (409 De Leon Dr) among current listings.

Miami Springs/VG is running at an estimated trailing pace of about 8.1 sales per month. Against 25 current active listings, that puts the market at roughly 3.1 months of supply — still solidly in seller's market territory, which is anything under 5 months. Homes that closed over the trailing 90 days sold at an average of 95.7% of list price, down about three tenths of a point from 96.0% last week, so sellers continue to hold most of the leverage even as the gap between ask and close widened slightly.

Mortgage rates moved up again this week, with the 30-year fixed averaging 6.76% per Freddie Mac's Primary Mortgage Market Survey (published Thursday, 9/10/26), up five basis points from 6.71% the week before. The 15-year fixed averaged 6.09%, up from 6.04%. A year ago the 30-year fixed averaged 6.35%.

Inventory Breakdown (Actives): There are zero (0) properties priced under $500,000; one (1) between $500,000–$600,000; one (1) between $600,000–$700,000; four (4) between $700,000–$800,000; six (6) between $800,000–$900,000; three (3) 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: three (3) listings expired, one (1) went temporarily off market, and two (2) were withdrawn.

After three straight weeks of falling inventory, actives ticked back up from twenty-four to twenty-five. The under-contract and pending pipeline went the other way, easing from eleven homes to ten, and months of supply loosened a notch from 3.0 to 3.1 — still the tightest stretch anywhere in the log, but no longer tightening. Closed sales held at twenty-eight and the average closed price firmed from $837,464 to $844,786, though average closed square footage rose from 1,651 to 1,673 at the same time, so price per square foot on closings actually slipped from $534 to $529. Average days on market for actives edged up from 86.5 to 89.1 after two weeks of sharp declines. The list-to-sale ratio gave back most of last week’s gain, from 96.0% down to 95.7%, and price cuts rose from seven to eight against the same single increase. The spread worth watching has not moved: actives are asking $587 per square foot while closings are clearing at $529, a gap of roughly 11%, and ten of the twenty-five actives still sit in the $700,000 to $900,000 band where the competition is thickest.

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

- Charlie & Sean