Breaking Down The Numbers | Coconut Grove Real Estate Activity By Price Point
There are many different ways to look at real estate data and market statistics. One of my favorite reports is the break down of active listings, pending and closed sales by price point. I think its important to keep an eye on the shifts between supply and demand by segment. As you can see from this week’s charts below, there is far more inventory in the $1,000,000+ price point than the below $1,000,0000 price point. However, the $1,000,0000 and below segment is where we have the most pending sales (which is where the demand is). Closed sales have been relatively quiet over the past 2 weeks with just 4 total single-family transactions in Coconut Grove.