HOMEBUYERS PULL BACK SLIGHTLY
TO START 2026

via themortgagepoint.com—According to the National Association of Realtors (NAR) Pending Home Sales Report, pending home sales fell approximately 0.8% in January compared to the previous month and 0.4% year-over-year (YoY). The report gives information on the number of house transactions under contract to the real estate ecosystem, which includes agents, buyers, sellers, and homebuyers.

Pending home sales decreased in the Northeast and South and increased in the Midwest and West from month-over-month. In the South and West, pending house sales increased YoY, whereas in the Northeast and Midwest, they decreased.

“The National Association of Realtors Pending Home Sales Index showed that new contract activity declined slightly in January,” said Lisa Sturtevant, Chief Economist at Bright MLS. “Pending home sales nationally fell by 0.8% compared to December and were down 0.4% year-over-year. Despite lower mortgage rates, affordability concerns and economic uncertainty are holding buyers back at the beginning of 2026. Wintery weather also likely dampened home buying activity.”

MoM Data:

0.8% decrease in pending home sales
Gains in the Midwest and West; declines in the Northeast and South

YoY Data:

0.4% decrease in pending home sales
Gains in the South and West; declines in the Northeast and Midwest

“Pending home sales eased at the start of the year, the modest decline suggests buyers are still approaching the market carefully even as affordability conditions improve,” said Sam Williamson, Senior Economist at First American. “The details, though, were more constructive…READ MORE

The Current Miami Springs Market

This week there are forty-three (43) active listings in the MS/VG markets. There are 3 listings for over $2 million, and one for close to $4 million. High prices remain and demand is still slow, but I do expect a busy Spring buying/selling season. 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 decreased. Rates expected to continue to 5.8-6.5% this year. There are still qualified buyers looking for the right property. Timing is everything. Days on the market (DOM) are on average 85 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 are two (2) properties priced between $500,000-$600,000; five (5) properties are priced between $600,000-$700,000; ten (10) between $700,000-$800,000; two (2) between $800,000-$900,000; five (5) are priced between $900,000-$1,000,000; fifteen (15) between $1-2 million; three (3) are listed for over $2 million; and one (1) is listed for over $3million.

TIME TO BUY OR SELL? CALL US FOR AN EVALUATION

During the period of February 13, 2026 through February 20, 2026, there were reported 1 new listing, 1 closed sale, 0 pending sales, 0 active with contract, 1 expired listing, 0 cancelled listings, 0 temp off market, 4 price reductions, 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 February 20, 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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