How's the Real Estate Market??

Englewood, FL

Single-Family Homes

Astrid Hartleb | 239-558-1130 | https://affinityswfl.com



Englewood, FL

Thu Sep 16 2021
This week the median list price for Englewood, FL is $499,000 with the market action index hovering around 58. This is less than last month's market action index of 64. Inventory has increased to 75. Click here to stay informed with the Englewood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Englewood, FL

Thu Sep 16 2021
This week the median list price for Englewood, FL is $499,000 with the market action index hovering around 58. This is less than last month's market action index of 64. Inventory has increased to 75. Click here to stay informed with the Englewood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Englewood market.
Median List Price $499,000
Median Price of New Listings $319,500
Per Square Foot $291
Average Days on Market 59
Median Days on Market 21
Price Decreased 27%
Price Increased 1%
Relisted 3%
Inventory 75
Median Rent $3,000
Market Action 58
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,547,000 3,122 0.5 - 1 acre 3 3 29 0 2 63
$775,000 1,840 0.25 - 0.5 acre 3 2 42 2 0 49
$379,000 1,722 0.25 - 0.5 acre 3 2 36 7 2 14
$250,000 1,212 8,000 - 10,000 sqft 2 1 43 9 4 7