Your Real Estate Market Update

Coral Gables, FL

Single-Family Homes

Maria Murdock | 305.815.9425



Coral Gables, FL

Sun May 26 2019
This week the median list price for Coral Gables, FL is $1,500,000 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 450. Click here to stay informed with the Coral Gables 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.

Coral Gables, FL

Sun May 26 2019
This week the median list price for Coral Gables, FL is $1,500,000 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 450. Click here to stay informed with the Coral Gables 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 Coral Gables market.
Median List Price $1,500,000
Per Square Foot $496
Days on Market 185
Price Decreased 40%
Price Increased 1%
Relisted 10%
Inventory 450
Median House Rent $2,250
Most Expensive $29,900,000
Least Expensive $250,000
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
$4,187,500 5,961 0.5 - 1 acre 6 7 23 3 4 263
$2,149,500 3,966 0.25 - 0.5 acre 5 5 60 5 3 206
$1,198,000 2,623 0.25 - 0.5 acre 4 3 65 7 1 150
$699,000 1,679 4,500 - 6,500 sqft 3 2 69 11 5 123