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.
 

Coldwell Banker Residential Real Estate
Premier Choice Luxury Group 
12551 Bassbrook Lane Tampa, FL 33626  bonneauteam@realtor.com
Call or Text us anytime 813-767-9937