Florida Life Market Report
New Smyrna Beach, FL
Single-Family Homes
Tim & Sarah Caudill - www.floridaliferealestate.com
New Smyrna Beach, FL
Thu Jan 23 2020
This week the median list price for New Smyrna Beach, FL is $362,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 389.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
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 | $362,000 | |
| Per Square Foot | $180 | |
| Days on Market | 132 | |
| Price Decreased | 33% | |
| Price Increased | 14% | |
| Relisted | 13% | |
| Inventory | 389 | |
| Median Rent | $1,749 | |
| Most Expensive | $3,150,000 | |
| Least Expensive | $85,500 | |
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $899,900 | 3,003 | 0.25 - 0.5 acre | 4 | 3 | 20 | 6 | 3 | 198 |
| $440,000 | 2,200 | 0.25 - 0.5 acre | 3 | 2 | 26 | 7 | 1 | 124 |
| $299,900 | 1,848 | 8,000 - 10,000 sqft | 3 | 2 | 14 | 10 | 12 | 122 |
| $236,922 | 1,536 | 4,500 - 6,500 sqft | 3 | 2 | 5 | 10 | 7 | 84 |