Week of October 16, 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 October 16, 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 thirty-four (34) active single-family listings in the MS/VG market right now, averaging $1,331,212 on about 2,153 sq ft, or $615 per sq ft. Four (4) listings are active with a contract. Over the trailing 90 days, twenty-four (24) homes closed, averaging $861,812 on roughly 1,707 sq ft, or $524 per sq ft. Four (4) more are currently pending sale, averaging $911,225 on about 1,705 sq ft, or $554 per sq ft.

There is one (1) active listing over $3 million (409 De Leon Dr, $3,967,000) and seven (7) more between $2 million and $3 million, including 188 Cherokee St ($2,600,000), 901 Dove Ave ($2,599,999), 325 Ludlam Dr ($2,500,000), and 1100 Oriole Ave and 1101 Wren Ave ($2,450,000 each). On the closed side, the top sale of the period was 37 Deer Run at $1,650,000, followed by 117 S Royal Poinciana Blvd at $1,290,000. Six of the twenty-four closings came in at or above asking. Days on market for active listings averages 79 days. Pending sales averaged 63 days on market before going under contract, and closed sales averaged 69 days before closing. There were twelve (12) price reductions and one (1) price increase (409 De Leon Dr) among current active listings.

Months of supply and list-to-sale ratio: Miami Springs/VG is running at an estimated trailing pace of about 8.1 sales per month. Against 34 current active listings, that puts the market at roughly 4.2 months of supply, still seller's market territory, which is anything under 5 months, and unchanged from last week. Homes that closed over the trailing 90 days sold at an average of 95.7% of list price.

Mortgage rates held steady this week, with the 30-year fixed averaging 7.40% per Freddie Mac's Primary Mortgage Market Survey (published Thursday, 10/15/26), unchanged from the week before and up from 6.27% a year ago. The 15-year fixed averaged 6.71%, down slightly from 6.73%.

Inventory Breakdown (Actives): There are zero (0) properties priced under $500,000; one (1) between $500,000–$600,000; three (3) between $600,000–$700,000; five (5) between $700,000–$800,000; six (6) between $800,000–$900,000; six (6) between $900,000–$1,000,000; five (5) between $1–2 million; seven (7) between $2–3 million; and one (1) over $3 million.

Also this period: three (3) listings expired, one (1) went temporarily off market, and one (1) was withdrawn.

Active inventory held at thirty-four while average active price eased from $1,340,947 to $1,331,212. Closed sales rose from twenty-three to twenty-four as the 90-day window rolled forward, with average closed price essentially flat ($865,152 to $861,812). Months of supply stayed at 4.2, price cuts among actives eased from thirteen to twelve against a single increase, and pending sales held at four. The number of listings active with a contract doubled from two to four. Seven of the thirty-four actives sit in the $2–3 million band, the most of any bracket, with six each in the $800,000–$900,000 and $900,000–$1,000,000 ranges.

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

- Charlie & Sean