What price point, demographic for your area (entry, luxury) and how long have they been listed? 

But, don't you agree that now is a time when you should be ultra-conservative with these estimates?

Miami's economy has become heavily based off 2nd hand folks, the ultra rich that have live there but work elsewhere.

Housing stock has a big range from low income slums to luxury new builds over there. 

The answer is ultra simple, what value does a person bring, end of story.

Then I would diversify between SF and small MF-- housing is NOT a luxury, its a necessity and a housing shortage is here and people need safe housing. 

A value of 100 indicates a balanced market.”Here is the very telling chart of the fall of the CMI since May 2022:Their November 14th report concluded, “The majority of the market has been a buyer's market for some time, but the whole market has been propped up by the relative health of the luxury sector.

And yes while some discount agents are making this mistake as one might expect…lots of high producing, and luxury agents are making these mistakes too.

The flooring is mainly carpet with some luxury vinyl in the kitchen, dining room and entryway. 

Meaning, don't go by a luxury property, or a downtown condo if you yourself are familiar with 3/2 single family homes.