HOUSING MARKET ACCELERATED IN MARCH

via themortgagepoint.com—The home shopping season’s kick off has been buoyed by several factors, with housing market activity springing forward in March even as rising mortgage rates began to chip away at earlier affordability gains, according to the Zillow March Market Report.

Zillow said that pent-up demand from three years of low sales volume and winter storms in January and February, as well as the tailwind from lower mortgage rates earlier in the year, bolstered the market.

Zillow noted, however, that concerns over energy prices in March were the latest bit of uncertainty buyers faced since the onset of the pandemic.

The online brokerage said that mortgage rates climbed from 5.98% at the end of February to 6.38% in late March, citing Freddie Mac. That increase dug into affordability gains that had fueled optimism to start the year, Zillow noted. It said the typical mortgage payment rose 1.5% from February, excluding taxes and insurance.

Demand held firm, however, with average daily page views per for-sale listing on Zillow’s website were 32% higher than last March.

Pending Listings

Zillow reported that there were 281,546 newly pending listings in March, with only May 2025 having a higher total since August 2022. Both the 4.6% annual increase and 29.8% monthly increase are highs for March over the past five years, Zillow reported.

Meanwhile, Zillow said that home values continued to rise modestly, up 0.8% from a year earlier, a slight acceleration from February’s 0.4% annual growth. And, inventory rose on an annual basis for the 28th consecutive month, Zillow said.

New listings were essentially …READ MORE

The Current Miami Springs Market

This week there are thirty-four (34) active listings in the MS/VG markets. A 10% increase in inventory since last week. About 45% are priced over $1,000,000. Of those, two (2) listings are over $2million, and one is asking close to $4 million!

We have experienced a busier Spring selling/buying season so far this year! 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 63 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 no properties priced between $500,000-$600,000; four (4) properties are priced between $600,000-$700,000; five (5) between $700,000-$800,000; four (4) between $800,000-$900,000; six (6) are priced between $900,000-$1,000,000; eleven (11) between $1-2 million; three (3) 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 May 1, 2026 through May 8, 2026, there were reported 0 new listings, 6 closed sales, 3 pending sales, 0 active with contract, 0 expired listings, 0 cancelled listings, 0 temp off market, 3 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 May 8, 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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