Thu Mar 23 2023
This week the median list price for Miami Shores, FL is $1,575,000 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has increased to 49.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,575,000|
|Median Price of New Listings||$1,170,000|
|Per Square Foot||$618|
|Average Days on Market||108|
|Median Days on Market||49|
|Slight Seller's Advantage|
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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|
|$3,525,000||3,910||0.25 - 0.5 acre||5||4||71||0||0||122|
|$1,742,500||2,760||8,000 - 10,000 sqft||3||3||71||0||0||73|
|$1,485,000||2,459||8,000 - 10,000 sqft||4||3||73||1||0||45|
|$865,000||1,996||8,000 - 10,000 sqft||3||2||74||1||2||42|