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Boca Raton State of The Market

Thursday, September 15, 2022   /   by Dave Magua

Boca Raton State of The Market



Boca Raton, FL 


Thu Sep 15 2022 
This week the median list price for Boca Raton, FL is $1,187,500 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has decreased to 598. Click here to stay informed with the Boca Raton market! 




Market Action Index 


This answers “How’s the Market?” by comparing rate of sales versus inventory. 





Buyer'sMarketSeller'sMarket0102030405060708090100TodayLast Month3636



The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again. 





Real-Time Market Profile 


Never miss important changes in the Boca Raton market. 
Median List Price 
$1,187,500 
Median Price of New Listings 
$937,000 
Per Square Foot 
$447 
Average Days on Market 
79 
Median Days on Market 
56 
Price Decreased 
46% 
Price Increased 
3% 
Relisted 
10% 
Inventory 
598 
Median Rent 
$4,625 
Market Action 
36 
Slight Seller's Advantage 






7-Day Average90-Day AverageSep 2019Feb 2020Jun 2020Oct 2020Feb 2021Jun 2021Oct 2021Feb 2022Jun 2022$1.0M$500K$750K$1.3M$1.5M$1.8MOct 04 20197-Day Average: $699,45090-Day Average: $697,450




The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.





Market Segments


Each segment below represents approximately 25% of the market ordered by price.





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Keyes Illustrated Properties
Dave Magua
21065 Powerline Rd C-7
Boca Raton, FL 33433
754-581-5077
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