Ines Hegedus-Garcia

Miami Shores, FL

Single-Family Homes

Miamism Sales Team



Miami Shores, FL

Fri Dec 14 2018
This week the median list price for Miami Shores, FL is $748,500 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 104. 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 Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Miami Shores, FL

Fri Dec 14 2018
This week the median list price for Miami Shores, FL is $748,500 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 104. 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 Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Miami Shores market.
Median List Price $748,500
Per Square Foot $311
Days on Market 117
Price Decreased 45%
Price Increased 1%
Relisted 7%
Inventory 104
Median House Rent
Most Expensive $5,400,000
Least Expensive $364,900
Market Action Index
Slight Buyer's Advantage
29

The market seems to have paused around this plateau. 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
$1,396,000 3,858 0.25 - 0.5 acre 4 3 65 2 2 130
$822,500 2,605 0.25 - 0.5 acre 3 3 68 2 0 122
$654,500 2,363 8,000 - 10,000 sqft 3 2 68 2 3 69
$479,000 1,696 8,000 - 10,000 sqft 2 2 71 0 2 146