Tue Sep 22 2020
This week the median list price for Englewood, FL is $444,900 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 149.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$444,900|
|Per Square Foot||$209|
|Days on Market||176|
|Slight Seller's Advantage|
While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. 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|
|$1,799,000||3,412||0.5 - 1 acre||3||3||28||1||1||333|
|$599,900||2,279||0.25 - 0.5 acre||3||2||31||2||6||194|
|$359,000||1,885||0.25 - 0.5 acre||3||2||26||5||7||88|
|$231,750||1,313||8,000 - 10,000 sqft||3||2||37||6||7||89|