Ines Hegedus-Garcia
Surfside, FL
Single-Family Homes
Miamism Sales Team
Surfside, FL
Fri Jul 26 2024
This week the median list price for Surfside, FL is $2,035,000 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has decreased to 32.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
In a Buyer’s market, the relative stasis in inventory and sales conditions has allowed prices to drift lower recently. Expect that consistent up trends in demand will be required before price trends change significantly.
Real-Time Market Profile
| Median List Price | $2,035,000 | |
| Median Price of New Listings | $1,697,000 | |
| Per Square Foot | $1,071 | |
| Average Days on Market | 212 | |
| Median Days on Market | 116 | |
| Price Decreased | 41% | |
| Price Increased | 6% | |
| Relisted | 25% | |
| Inventory | 32 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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 |
|---|---|---|---|---|---|---|---|---|
| $9,425,000 | 4,050 | 8,000 - 10,000 sqft | 6 | 4.5 | 1 | 0 | 0 | 115 |
| $2,337,500 | 2,053 | 4,500 - 6,500 sqft | 3 | 2.5 | 73 | 0 | 1 | 115 |
| $1,724,500 | 1,685 | 4,500 - 6,500 sqft | 3 | 2 | 72 | 1 | 0 | 150 |
| $1,572,500 | 1,660 | 4,500 - 6,500 sqft | 3 | 2 | 74 | 1 | 0 | 49 |