Ines Hegedus-Garcia

Miami Shores, FL

Single-Family Homes

Miamism Sales Team



Miami Shores, FL

Tue Jun 18 2019
This week the median list price for Miami Shores, FL is $749,450 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 110. Click here to stay informed with the Miami Shores market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Miami Shores, FL

Tue Jun 18 2019
This week the median list price for Miami Shores, FL is $749,450 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 110. Click here to stay informed with the Miami Shores market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Miami Shores market.
Median List Price $749,450
Per Square Foot $345
Days on Market 151
Price Decreased 47%
Price Increased 4%
Relisted 10%
Inventory 110
Median House Rent
Most Expensive $5,400,000
Least Expensive $310,000
Market Action Index
Slight Seller's Advantage
30

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,365,000 3,107 0.25 - 0.5 acre 4 4 65 1 1 164
$880,000 2,480 0.25 - 0.5 acre 3 3 68 1 2 198
$652,500 2,047 0.25 - 0.5 acre 3 2 69 4 3 117
$479,000 1,533 6,500 - 8,000 sqft 3 2 69 2 4 128