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Odessa 33556

Local Market Insight Report

Updated monthly, the LMI offers a snapshot of how this area's market is performing compared to last month, last year and 5-year historical averages. You have the option to view the report for all properties or by a particular home type segment.

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In 33556, the median sold price for SFH/Villa properties for January was $328,350, representing a decrease of 0.5% compared to last month and a decrease of 4.8% from Jan 2015. The average days on market for units sold in January was 71 days, 25% below the 5-year January average of 94 days. There was a 2.3% month over month increase in new contract activity with 44 New Pendings; a 24.1% MoM increase in All Pendings (new contracts + contracts carried over from December) to 72; and a 7.5% increase in supply to 173 active units. This activity resulted in a Contract Ratio of 0.42 pendings per active listing, up from 0.36 in December and an increase from 0.33 in January 2015. The Contract Ratio is 2% higher than the 5-year January average of 0.41. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.
 

John & Donna Bonneau
Brokers/Owners/REALTORS®
Premier Choice Properties
12551 Bassbrook Lane
Tampa, FL 33626
bonneauteam@aol.com  813-855-8000