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.
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
| 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 |