Ines Hegedus-Garcia

Miami Shores, FL

Single-Family Homes

Miamism Sales Team



Miami Shores, FL

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

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 $775,000
Per Square Foot $307
Days on Market 146
Price Decreased 58%
Price Increased 2%
Relisted 19%
Inventory 123
Median House Rent
Most Expensive $5,400,000
Least Expensive $339,000
Market Action Index
Slight Buyer's Advantage
27

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
$1,299,000 3,412 0.25 - 0.5 acre 4 4 64 2 1 202
$869,000 2,819 0.25 - 0.5 acre 3 3 68 2 0 162
$679,900 2,370 8,000 - 10,000 sqft 3 2 70 3 3 125
$449,000 1,699 8,000 - 10,000 sqft 3 2 70 0 2 96