Your Real Estate Market Update
Coral Gables, FL
Single-Family Homes
Maria Murdock | 305.815.9425
Coral Gables, FL
Sun Jul 21 2019
This week the median list price for Coral Gables, FL is $1,550,000 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has held steady at or around 422.
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
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $1,550,000 | |
| Per Square Foot | $484 | |
| Days on Market | 207 | |
| Price Decreased | 46% | |
| Price Increased | 2% | |
| Relisted | 9% | |
| Inventory | 422 | |
| Median House Rent | $2,300 | |
| Most Expensive | $29,900,000 | |
| Least Expensive | $249,000 | |
| Market Action Index Slight Buyer's Advantage | 26 |
The market seems to have paused around this plateau. 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 |
|---|---|---|---|---|---|---|---|---|
| $4,435,000 | 6,185 | 0.5 - 1 acre | 6 | 7 | 23 | 0 | 2 | 298 |
| $2,150,000 | 4,111 | 0.25 - 0.5 acre | 5 | 5 | 49 | 3 | 6 | 235 |
| $1,232,500 | 2,718 | 0.25 - 0.5 acre | 4 | 3 | 66 | 7 | 5 | 176 |
| $720,000 | 1,754 | 6,500 - 8,000 sqft | 3 | 2 | 68 | 10 | 10 | 119 |