Answers / Selling
What does a price cut cost a Shenandoah, Miami seller?
Direct answer
Over the 12 months to September 28, 2026, Shenandoah, Miami homes that never cut their asking price sold in a median 24 days at 96% of their first ask. Homes that cut took 113 days and closed at 87% of their first ask. On a $930,000 ask, that gap is about $83,700, plus 89 more days on the market.
113 houses and townhouses · Miami MLS · civic boundary · 12 months to September 28, 2026 · Methodology
What does the launch price change?
| Group | Homes | Median days | Of first asking price |
|---|---|---|---|
| Never cut the price | 67 | 24 | 96% |
| Cut the price | 46 | 113 | 87% |
Source: SEFMLS / MIAMI REALTORS®, September 27, 2022 through September 28, 2026. Data is deemed reliable but is not guaranteed accurate by the MLS and may not reflect all real estate activity in the market. Totals and medians only, no client names or addresses. Properties counted were listed or sold by various MLS participants, not necessarily by Gatien Salaun or Coldwell Banker Realty.
How was this counted?
Sale to original list is the sale price as a share of the first asking price, not the last. A cut is any reduction of the asking price before contract. Medians are withheld below 5 closings.
Canonical facts: Median days to contract