Aventura, FL 33180 – Condos & Townhomes as of 7/03/09
This Week
The median condominium price in Aventura 33180 this week is $360,000. Inventory has been tightening and days-on-market increasing recently. The Market Action Index (MAI) has been basically flat.
Price
Recently price has settled at a plateau even though they dipped this week. Look for a persistent up-shift in the MAI before we see prices significantly move from these levels.
Inventory
Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the MAI and Days on Market trends to gauge whether buyer interest is changing with the available supply.
Market Action Index
Aventura 33180 is still strongly in the Buyer’s Market zone. The 90-day MAI stands at 12.
Days On Market
The properties have been on the market for an average of 294 days. Half of the listings have come newly on the market in the past 301 or so days. Watch the 90-day DOM trend for signals of a changing market.
Real Estate Market Report for Aventura 33180 is posted on a weekly basis. Look for updates in the coming weeks. For more information contact me at (305) 329-4929 or [email protected]