Fri Dec 13 2019
This week the median list price for Miami Shores, FL is $699,994 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 87.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$699,994|
|Per Square Foot||$359|
|Days on Market||165|
|Slight Buyer's Advantage|
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.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,299,000||2,889||0.25 - 0.5 acre||4||3||68||0||2||282|
|$825,000||2,178||0.25 - 0.5 acre||3||3||67||0||1||131|
|$594,500||1,867||8,000 - 10,000 sqft||3||2||68||1||1||135|
|$459,500||1,405||8,000 - 10,000 sqft||3||2||77||3||1||114|