Market overview
The contract settles on the listed range containing the median home value in Miami on December 31.
The available value bands are <$767K, $767K - $788K, $788K - $809K, $809K - $830K, $830K - $851K, $851K - $870K, and $870K+.
The exact metric, reference period, source, rounding method, and treatment of range boundaries are documented in the Resolution Rules below.