Single-Family Homes
Sat Jan 23 2021
This week the median list price for New Smyrna Beach, FL is $535,059 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has held steady at or around 208.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Median List Price | $535,059 | |
Per Square Foot | $245 | |
Days on Market | 118 | |
Price Decreased | 33% | |
Price Increased | 10% | |
Relisted | 20% | |
Inventory | 208 | |
Median Rent | $1,925 | |
Most Expensive | $3,590,000 | |
Least Expensive | $85,500 | |
Market Action | 36 | |
Slight Seller's Advantage |
Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,212,500 | 2,656 | 0.25 - 0.5 acre | 4 | 3 | 31 | 5 | 2 | 120 |
$644,838 | 2,337 | 0.25 - 0.5 acre | 4 | 3 | 29 | 5 | 4 | 123 |
$399,900 | 1,730 | 0.25 - 0.5 acre | 3 | 2 | 40 | 5 | 9 | 123 |
$274,200 | 1,679 | 4,500 - 6,500 sqft | 3 | 2 | 2 | 11 | 15 | 102 |