Week of July 17, 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 July 17, 2026. All figures reflect the trailing 90 days of MLS activity, 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 twenty-six (26) active single-family listings in the MS/VG market right now, averaging $1,316,208 on about 2,266 sq. ft., or $577 per sq. ft. Four (4) more are active with a contract, averaging $1,094,725. Over the trailing 90 days, thirty-one (31) homes closed, averaging $918,900 on roughly 1,999 sq ft, or $495 per sq ft. Six (6) more are currently pending sale, averaging $917,667 on about 1,707 sq ft.

There is one (1) active listing over $3 million (409 De Leon Dr, $3,967,000) and four (4) more over $2 million (188 Cherokee St, 901 Dove Ave, 325 Ludlam Dr, 588 Miller Dr). On the closed side, the top sale of the period was 81 S Royal Poinciana Blvd, which closed at $2,325,000.

Days on market (DOM) for active listings averages 116 days. Homes that have gone to contract are moving faster: active-with-contract listings averaged 56 days, pending sales averaged 80 days before going under contract, and closed sales averaged 74 days on market before closing. There were ten (10) price reductions and two (2) price increases (409 De Leon Dr and 508 De Leon Dr) among current listings.

Miami Springs/VG is running at an estimated trailing pace of about 7.9 sales per month. Against 26 current active listings, that puts the market at roughly 3.3 months of supply — solidly in seller's market territory (under 5 months). Homes that closed over the trailing 90 days sold at an average of 95.9% of list price, showing sellers continue to hold most of the leverage.

Mortgage rates held near a one-year high this week, with the 30-year fixed averaging 6.55% per Freddie Mac's Primary Mortgage Market Survey (published Thursday, 7/16/26), still up from 6.49% the week before. Daily rate trackers put the average in a similar 6.5%–6.6% range as of today, with July running consistently above June's 6.34% average.

Inventory Breakdown (Actives): There are zero (0) properties priced under $500,000; two (2) between $500,000–$600,000; one (1) between $600,000–$700,000; five (5) between $700,000–$800,000; three (3) between $800,000–$900,000; four (4) between $900,000–$1,000,000; six (6) between $1–2 million; four (4) between $2–3 million; and one (1) over $3 million.

Also this period: three (3) listings expired, two (2) went temporarily off market, and two (2) were withdrawn.

Active inventory and pricing held essentially steady week over week — the same 26 active listings and the same 3.3 months of supply as last week's report. Price cuts continue to outnumber increases five-to-one, and closed homes are trading a touch closer to list price than last week, a sign that well-priced listings keep finding buyers even with mortgage rates sitting at their highest point in nearly a year.

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

- Charlie & Sean