Good Real Estate News in Valrico Zip 33596
First a disclaimer regarding the common cliche “all real estate is local.” “Good Real Estate News in Valrico Zip 33596” does not necessarily mean every zip code is good real estate. And, Good Real Estate News in Valrico Zip 33596 likewise does not mean there are not better zips out there than zip code 33596.
Valrico Zip 33596 Data Points
The Take-Away: Although the numbers are small, the significance is not.
The Take-Away: Indicates the beginning of a month over month rally.
The Take-Away: Again, a small number. But good news for buyers.
The Take-Away: This number warrants further discussion.
Probably the most significant number we follow. Months of supply easily points out The Lay of Supply and Demand. Economists have long recognized that 6 months supply of homes for sale is a “neutral” market. A neutral market means there is an equal number of sellers to the number of buyers. In theory, that results in stable home prices. The higher we move above 6 months supply, prices drop because sellers are competing with too many homes on the market for the number of buyers available. As we move lower than 6 months, the pressure reverses on to the buyers as the inventory is tight. For February 2019, the 1.8 months inventory translates roughly to 3 buyers for each listing.
So the Good Real Estate News in Valrico Zip 33596? If you are a seller, we should be able to expect prices to continue to show higher values. Also, days on market (DOM) will stay with short turn times as we are seeing now.
For buyers, more inventory is entering the market providing choices and variety. The watchword here to stay vigilant for new listings arriving on market.
Buyers New Listings Report
Whether you are looking for a home purchase currently or in the future, we have one of the superior new listings and search websites. You have a lot of choices such as Zillow and others, but our site a far more accurate and without teaser listings to capture your contact information and have 5 to 15 agents ringing your phone off the hook. The form below is your first step to a fun flight with the Red Baron of Real Estate!