Ines Hegedus-Garcia

Miami, FL 33138

Single-Family Homes

Miamism Sales Team



Miami, FL 33138

Mon Apr 22 2019
This week the median list price for Miami, FL 33138 is $777,499 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 94. Click here to stay informed with the Miami market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Miami, FL 33138

Mon Apr 22 2019
This week the median list price for Miami, FL 33138 is $777,499 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 94. Click here to stay informed with the Miami market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Miami market.
Median List Price $777,499
Per Square Foot $356
Days on Market 201
Price Decreased 44%
Price Increased 7%
Relisted 11%
Inventory 94
Median House Rent
Most Expensive $7,950,000
Least Expensive $210,900
Market Action Index
Slight Buyer's Advantage
28

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$2,227,000 4,008 0.25 - 0.5 acre 4 4 65 0 1 304
$879,000 2,502 8,000 - 10,000 sqft 3 3 67 3 0 205
$650,000 1,942 8,000 - 10,000 sqft 3 2 71 2 2 158
$449,000 1,596 4,500 - 6,500 sqft 3 2 79 2 5 143