Florida Life Market Report

New Smyrna Beach, FL

Single-Family Homes

Tim & Sarah Caudill - www.floridaliferealestate.com



New Smyrna Beach, FL

Thu Aug 06 2020
This week the median list price for New Smyrna Beach, FL is $398,800 with the market action index hovering around 37. This is an increase over last month's market action index of 34. Inventory has held steady at or around 219. 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 Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

New Smyrna Beach, FL

Thu Aug 06 2020
This week the median list price for New Smyrna Beach, FL is $398,800 with the market action index hovering around 37. This is an increase over last month's market action index of 34. Inventory has held steady at or around 219. 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 Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the New Smyrna Beach market.
Median List Price $398,800
Per Square Foot $199
Days on Market 141
Price Decreased 34%
Price Increased 10%
Relisted 22%
Inventory 219
Median Rent $2,350
Most Expensive $2,999,000
Least Expensive $85,500
Market Action 37
Slight Seller'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
$822,499 2,648 0.25 - 0.5 acre 4 3 35 6 6 195
$478,500 1,984 0.25 - 0.5 acre 3 2 32 3 3 125
$318,000 1,852 8,000 - 10,000 sqft 3 2 15 7 13 115
$244,990 1,536 4,500 - 6,500 sqft 3 2 3 3 9 128