Ines Hegedus-Garcia

Miami, FL 33138

Single-Family Homes

Miamism Sales Team



Miami, FL 33138

Wed Oct 23 2019
This week the median list price for Miami, FL 33138 is $665,000 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has held steady at or around 79. Click here to stay informed with the Miami market!

Market Action Index

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

Slight Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Miami, FL 33138

Wed Oct 23 2019
This week the median list price for Miami, FL 33138 is $665,000 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has held steady at or around 79. Click here to stay informed with the Miami market!

Market Action Index

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

Slight Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Miami market.
Median List Price $665,000
Per Square Foot $402
Days on Market 206
Price Decreased 41%
Price Increased 5%
Relisted 10%
Inventory 79
Median House Rent
Most Expensive $5,500,000
Least Expensive $210,000
Market Action Index
Slight Buyer's Advantage
27

Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,500,000 3,103 0.25 - 0.5 acre 4 4 64 0 1 303
$892,000 2,200 8,000 - 10,000 sqft 3 3 67 1 1 180
$634,500 1,409 6,500 - 8,000 sqft 3 2 70 0 2 131
$449,000 1,456 4,500 - 6,500 sqft 3 2 79 2 1 214