Ines Hegedus-Garcia

Miami, FL 33138

Single-Family Homes

Miamism Sales Team



Miami, FL 33138

Thu Feb 21 2019
This week the median list price for Miami, FL 33138 is $724,450 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has held steady at or around 98. 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

Thu Feb 21 2019
This week the median list price for Miami, FL 33138 is $724,450 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has held steady at or around 98. 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 $724,450
Per Square Foot $350
Days on Market 202
Price Decreased 45%
Price Increased 6%
Relisted 15%
Inventory 98
Median House Rent
Most Expensive $7,950,000
Least Expensive $229,900
Market Action Index
Slight Buyer's Advantage
27

Prices in this zip code seem to have settled around a 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
$2,445,000 3,667 0.25 - 0.5 acre 4 4 65 1 0 248
$869,240 2,654 8,000 - 10,000 sqft 3 3 69 0 1 187
$659,000 1,882 6,500 - 8,000 sqft 3 2 79 1 1 169
$468,777 1,657 4,500 - 6,500 sqft 3 2 78 3 3 203