Florida Life Market Report
New Smyrna Beach, FL
Single-Family Homes
Tim & Sarah Caudill - www.floridaliferealestate.com
New Smyrna Beach, FL
Wed Jul 17 2019
This week the median list price for New Smyrna Beach, FL is $407,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 397.
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 Seller'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 | $407,000 | |
| Per Square Foot | $209 | |
| Days on Market | 138 | |
| Price Decreased | 49% | |
| Price Increased | 6% | |
| Relisted | 23% | |
| Inventory | 397 | |
| Median House Rent | $1,800 | |
| Most Expensive | $3,600,000 | |
| Least Expensive | $83,000 | |
| Market Action Index Slight Seller's Advantage | 30 |
The market appears to be hovering around this plateau. Look for a persistent change 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 |
|---|---|---|---|---|---|---|---|---|
| $969,900 | 3,011 | 0.25 - 0.5 acre | 4 | 3 | 25 | 3 | 0 | 192 |
| $489,900 | 2,260 | 0.25 - 0.5 acre | 3 | 2 | 29 | 2 | 7 | 148 |
| $346,900 | 1,845 | 8,000 - 10,000 sqft | 3 | 2 | 28 | 4 | 11 | 113 |
| $249,250 | 1,627 | 8,000 - 10,000 sqft | 3 | 2 | 35 | 12 | 6 | 100 |