Thu Sep 16 2021
This week the median list price for Marco Island, FL is $2,499,000 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has decreased to 83.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,499,000|
|Median Price of New Listings||$995,000|
|Per Square Foot||$807|
|Average Days on Market||106|
|Median Days on Market||84|
|Slight Seller's Advantage|
Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,497,500||4,475||0.25 - 0.5 acre||4||4||7||1||1||108|
|$2,925,000||3,194||0.25 - 0.5 acre||4||3||2||1||1||98|
|$1,699,900||2,375||0.25 - 0.5 acre||3||3||27||1||2||42|
|$987,000||1,870||0.25 - 0.5 acre||3||2||32||5||2||84|