# How does this affect my home's value

**URL:** https://boards.straightdope.com/t/how-does-this-affect-my-homes-value/736501
**Category:** Factual Questions
**Created:** [November 3, 2015, 6:18am UTC](https://boards.straightdope.com/t/how-does-this-affect-my-homes-value/736501 "2015-11-03T06:18:29Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![Saint\_Cad](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/saint_cad/32/18907_2.png) [@Saint\_Cad](https://boards.straightdope.com/u/Saint_Cad)
#### Post date: [November 3, 2015, 6:18am UTC](https://boards.straightdope.com/t/how-does-this-affect-my-homes-value/736501/1 "2015-11-03T06:18:29Z")

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My home’s value increased 20% over the last year. Now I estimate at least 5% of the homes in my tract are on the market; I think a lot of it is profit taking. Will this influx of homes on the market tend to increase or decrease the rate of my value increasing?

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### Author: ![John\_Mace](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/john_mace/32/185_2.png) [@John\_Mace](https://boards.straightdope.com/u/John_Mace)
#### Post date: [November 3, 2015, 6:22am UTC](https://boards.straightdope.com/t/how-does-this-affect-my-homes-value/736501/2 "2015-11-03T06:22:16Z")

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Depends on how much demand there is in your market. Could deb that this new supply is only a dent in the supply/demand ratio or maybe it lowers that ratio significantly.

And it depends on whether you are talking long term or short term.

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### Author: ![usedtobe](https://avatars.discourse-cdn.com/v4/letter/u/ec9cab/32.png) [@usedtobe](https://boards.straightdope.com/u/usedtobe)
#### Post date: [November 3, 2015, 6:27am UTC](https://boards.straightdope.com/t/how-does-this-affect-my-homes-value/736501/3 "2015-11-03T06:27:55Z")

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Watch Zillow

I recently had the place professionally appraised.

He carefully pulled up comp’s, adjusted for block-by-block desirability, added that this place has a pool/spa, deducted that said poll/spa need new plaster, came up with about 30-40 pages.

And a value within 2% of Zillow’s call on the day he visited.