33708
Tampa, Florida

The 33708 market carries a $590,000 median sale price after climbing 22.9% year-over-year, suggesting sustained demand despite elevated pricing. However, properties now average 65 days on market, indicating slower transaction velocity than peak market conditions. Only 4% of homes close above asking price, a significant departure from competitive seller's markets where bidding wars drive premiums. This divergence between strong price appreciation and softer negotiation metrics points to a transitioning market dynamic.

Sellers who purchased before 2024 can capitalize on the 22.9% annual appreciation while still finding buyers, though the 65-day marketing period requires realistic pricing strategies. The 4% above-list statistic means buyers gain negotiating leverage absent in tighter markets, particularly for properties lingering beyond the 65-day average. Investors should model longer hold periods and avoid assumption of continued 22%+ gains, as the PropIQ score suggests underlying market stress contradicts surface-level price performance.

The PropIQ score of 51 signals caution despite headline price growth, indicating potential algorithmic detection of demand softening, inventory pressure, or macroeconomic headwinds not yet reflected in lagging price data. Monitor month-over-month listing volume and contract failures, as the gap between strong YoY appreciation and moderate market activity often precedes price corrections. The 65-day DOM figure warrants weekly tracking; acceleration beyond 80 days would confirm momentum loss.