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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$362,000|
|Per Square Foot||$180|
|Days on Market||132|
|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.
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|