Valrico Florida Housing Inventory Is Tight
If you have followed recent posts at our website, you would see past home prices and 2020 prices have been increasing and seems to be ongoing. There are many reasons this Valrico FL is showing phenomenal results.
Let's examine one of those reasons, namely "For Sale Inventory."
Why does it show "0" inventory in this stat while there are homes that are listed? The reason is the number of listings in Valrico Fl is so low for demand it does not show as a significant measurable data point. The 5 year average is also low at 1.4.
The "Goldie Locks' number, not to hot and not too cool, would be an index number of 6. The number "6" translate to an equal number of buyers and sellers.
In the law of Supply and Demand, prices rise when inventory is tight and drop in markets of over supply.
Bottom Line
If considering to buy a house or even sell and buy, now is a great time to take action. But, be prepared to take a longer search than usual.
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