HOMES SELLING FASTER IN SOME METROS AS BUYERS TIPTOE BACK INTO THE SPRING MARKET

via themortgagepoint.com—The U.S. housing market is now again running on two different tracks after years of extremely rapid home sales during the pandemic, according to a new Zillow report. Although this specific demographic is declining, desirable, reasonably priced properties are still selling swiftly. Some residences are remaining longer than they have in many years. These figures suggest that the housing market is settling into its new normal, as they resemble pre-pandemic norms.

For the first time since 2020, the difference between the time all inventory sits and the speed at which sold homes move was at its largest in March. The median age of all current listings in March was 56 days, a 37-day difference from the average home that went pending in 19 days. In April 2022, that difference was as little as nine days. The gap indicates a market where purchasers have more options and power than in previous years, and where exceptional properties are rewarded while others are left waiting.

A return to a more balanced housing market is seen in the difference between homes that sell quickly and those that lag. The pool of buyers has shrunk due to difficult financial circumstances, and they are now pickier than they were during the pandemic. However, there are more options and negotiation power available to those purchasers who are still in the market. While some sellers loiter, those whose properties meet all the requirements sell swiftly. …READ MORE

The Current Miami Springs Market

This week there are thirty-one (31) active listings in the MS/VG markets. A 10% drop from last week. Over 45% are priced over $1,000,000. Of those, two (2) 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 selling/buying 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 70 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; three (3) between $800,000-$900,000; five (5) are priced between $900,000-$1,000,000; eleven (11) 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 24, 2026 through May 1, 2026, there were reported 0 new listings, 4 closed sales, 1 pending sale, 2 active with contract, 1 expired listing, 1 cancelled listing, 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 1, 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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