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This Week
The median list price in MIAMI BEACH, FL 33139 this week is $350,000. With inventory trending up but days-on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.
Real-Time Market Profile Median List Price Asking Price Per Square Foot Average Days on Market (DOM) Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Number of Bedrooms Median Number of Bathrooms Market Action Index Strong Buyer's $ 350,000 $ 438 238 17 % 6% 6% 850 1.0 2.0 18.7
Trend
No change
== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend
Price
Market Action Index
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Price Trends
Buyer/Seller Cutoff
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.
Quartiles
Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Square Feet Beds Baths
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties
8 14 46 51
11 7 18 29
7 10 13 17
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