Sat Nov 27 2021
This week the median list price for Surfside, FL is $1,794,000 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has increased to 14.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,794,000|
|Median Price of New Listings||$1,598,000|
|Per Square Foot||$717|
|Average Days on Market||193|
|Median Days on Market||70|
|Slight Seller's Advantage|
Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$10,750,000||6,072||0.25 - 0.5 acre||6||7||64||2||0||91|
|$3,350,000||4,498||8,000 - 10,000 sqft||6||5||80||0||0||84|
|$1,561,500||2,850||4,500 - 6,500 sqft||5||3||78||2||0||35|
|$949,950||2,240||4,500 - 6,500 sqft||3||2.5||70||1||0||185|