Q1 U.S. FORECLOSURE ACTIVITY JUMPED

via themortgagepoint.com—According to ATTOM’s Q1 2026 U.S. Foreclosure Market Report, there were an estimated 118,727 U.S. properties with a foreclosure filing during Q1 of 2026, a gradual increase of 6% from the previous quarter and 26% from the previous year. The research also showed that there were 45,921 U.S. properties with foreclosure files in March 2026, an increase of 18% from the previous month and 28% from the previous year.

“Foreclosure activity increased in the first quarter, with both starts and completed foreclosures posting solid year-over-year gains,” said Rob Barber, CEO at ATTOM. “While volumes remain below historical peaks, the continued rise, especially in starts and bank repossessions, suggests financial pressure may be building for some homeowners and could signal shifting housing market dynamics.”

In Q1 2026, 82,631 U.S. properties began the foreclosure process, up 20% from the previous year and 7% from the previous quarter.

Key Findings:

Nationwide in March 2026, one in every 3,131 properties had a foreclosure filing.

States with the worst foreclosure rates in March 2026 were South Carolina (one in every 1,996 housing units with a foreclosure filing); Indiana (one in every 2,122 housing units); Florida (one in every 2,124 housing units); Illinois (one in every 2,238 housing units); and New Jersey (one in every 2,266 housing units).

30,334 U.S. properties started the foreclosure process in March 2026, up 17 percent from the previous month and up 21 percent from March 2025.

Lenders completed the foreclosure process on 5,229 U.S. properties in March 2026, up 28 percent from the previous month and up 42 percent from March 2025. …READ MORE

The Current Miami Springs Market

This week there are thirty-four (34) active listings in the MS/VG markets. Same as last week. Over 44% are priced over $1,000,000. Of those, three (3) listings are over $2million, and one is asking close to $4 million!

High prices remain, but I see demand picking up slowly.

I do expect a busy Spring buying/selling season. SELLERS, LIST NOW(!) if you are thinking about selling! There are still qualified Buyers out there! More increases in inventory in the months ahead?? I think so.

Mortgage interest rates have increased a bit. They are now about 6-6.2%. 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 76 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.

Inventory Breakdown:

There is one (1) property priced between $500,000-$600,000; four (4) properties are priced between $600,000-$700,000; six (6) between $700,000-$800,000; four (4) between $800,000-$900,000; four (4) are priced between $900,000-$1,000,000; twelve (12) between $1-2 million; two (2) are listed for over $2 million; and one (1) is listed for over $3 million.

TIME TO BUY OR SELL? CALL US FOR AN EVALUATION

During the period of April 17, 2026 through April 24, 2026, there were reported 4 new listings, 1 closed sale, 4 pending sales, 1 active with contract, 0 expired listings, 1 cancelled listing, 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 April 24, 2026. All closed sales are within the last 90 days.

*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

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