Florida Life Market Report

New Smyrna Beach, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL

Wed Nov 13 2019
This week the median list price for New Smyrna Beach, FL is $359,999 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 383. Click here to stay informed with the New Smyrna Beach market!

Market Action Index

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

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

New Smyrna Beach, FL

Wed Nov 13 2019
This week the median list price for New Smyrna Beach, FL is $359,999 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 383. Click here to stay informed with the New Smyrna Beach market!

Market Action Index

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

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the New Smyrna Beach market.
Median List Price $359,999
Per Square Foot $186
Days on Market 148
Price Decreased 45%
Price Increased 7%
Relisted 17%
Inventory 383
Median House Rent $1,700
Most Expensive $3,400,000
Least Expensive $79,900
Market Action Index
Slight Buyer's Advantage
28

The market is 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
$949,000 3,112 0.25 - 0.5 acre 4 3 19 3 4 222
$443,500 2,124 0.25 - 0.5 acre 3 2 26 8 8 150
$302,000 1,826 6,500 - 8,000 sqft 3 2 14 4 8 126
$240,490 1,600 4,500 - 6,500 sqft 3 2 6 8 6 93