Wed Oct 20 2021
This week the median list price for Venice, FL is $489,000 with the market action index hovering around 89. This is about the same as last month's market action index of 89. Inventory has increased to 95.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$489,000|
|Median Price of New Listings||$451,198|
|Per Square Foot||$274|
|Average Days on Market||37|
|Median Days on Market||7|
|Strong Seller's Market|
Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$950,000||2,370||0.25 - 0.5 acre||4||2||31||6||2||35|
|$642,450||2,237||6,500 - 8,000 sqft||3||2||7||7||7||10|
|$432,500||1,644||6,500 - 8,000 sqft||3||1||17||14||9||3|
|$344,500||1,367||8,000 - 10,000 sqft||2||1||43||9||13||10|